The EURUSD finds solid resistance – Analysis - 31-05-2022
Economies.com
2022-05-31 04:06AM UTC
The EURUSD pair managed to end yesterday above 1.0770 level, which supports the continuation of our bullish overview despite today’s negative open, as the price is testing the correctional bullish channel’s support line that appears on the chart, waiting to resume the bullish wave that its next main target located at 1.0865.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 1.0725 followed by 1.0670 will stop the expected rise and press on the price to return to decline again.
The expected trading range for today is between 1.0680 support and 1.0840 resistance.
The expected trend for today: Bullish
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