The EURUSD pair settles below 1.0800 level, noticing that stochastic begins to overlap negatively, waiting to motivate the price to resume the expected bearish wave on the intraday and short term basis, which its next main target located at 1.0700.

The EMA50 continues to support the expected decline, noting that holding below 1.0820 represents initial condition to continue the negative scenario.

The expected trading range for today is between 1.0700 support and 1.0850 resistance.

The expected trend for today: Bearish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0517	0.0075	0.7226%
Evening update analysis for the EURUSD 01-12-2022
	GBP/USD	1.2255	0.0207	1.7190%

	Silver	22.723	1.367	6.403%

	Oil	81.371	6.942	9.327%
Evening update for Crude oil price 01-12-2022
	Brent Oil	86.97	-0.05	0.06%

	Gold	1802.645	52.170	2.980%
Evening update for Gold 01-12-2022

Live Forex Updates

Dollar declines over 1% after data, Powell's statements

2022-12-01 18:49:43 GMT

US manufacturing PMI falls more than expected

2022-12-01 15:15:28 GMT

US unemployment claims fall past estimated

2022-12-01 13:38:39 GMT

US personal income rises as expected in October

2022-12-01 13:33:07 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.