The EURUSD faces solid support - 16-03-2023

Economies.com
2023-03-16 04:29AM UTC

The EURUSD pair’s strong decline stopped at 1.0515 yesterday, which formed solid support against the price, to rebound bullishly and start building bullish wave on the intraday basis, motivated by stochastic positivity.

 

Therefore, we expect to witness more bullish bias in the upcoming sessions, and the targets begin at 1.0640 and extend to 1.0745 after surpassing the previous level.

 

On the other hand, we should note that breaking 1.0515 will stop the expected rise and press on the price to suffer additional losses that reach 1.0440.

 

The expected trading range for today is between 1.0515 support and 1.0680 resistance.

 

The expected trend for today: Bullish

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