The EURUSD faces new negative pressure – Analysis - 29-07-2022
1 year ago

The EURUSD pair traded with strong negativity yesterday to test the most important support at 1.0100, and bounced bullishly from there to test 1.0200 level now and attempts to breach it, which encourages us to continue suggesting the bullish trend for the upcoming period, and the price needs to step above the last level to confirm the continuation of the bullish bias towards 1.0278 followed by 1.0355 levels as next main targets.


The EMA50 supports the expected rise, which will remain valid conditioned by the price stability above 1.0100.



The expected trading range for today is between 1.0140 support and 1.0300 resistance.


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The expected trend for today: Bullish

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