The EURUSD hits the target – Analysis - 24-05-2022
8 months ago

The EURUSD pair succeeded to achieve our waited target at 1.0670, noticing that the price breached this level and closed the daily candlestick above it, to support the chances of extending the correctional bullish wave and pave the way to head towards 1.0770 as a next main station.


Therefore, the bullish trend scenario will remain active for the upcoming period, taking into consideration that failing to consolidate above 1.0670 will press on the price to decline and head towards testing 1.0550 areas mainly before determining the next destination clearly.


The expected trading range for today is between 1.0600 support and 1.0760 resistance.


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The expected trend for today: Bullish

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