The EURUSD is stable – Analysis - 05-01-2022
Economies.com
2022-01-05 05:02AM UTC
The EURUSD pair settles around the key support 1.1280, and the EMA50 forms continuous negative pressure against the price, waiting to break the mentioned support to open the way to rally towards our expected negative target at 1.1150.
Therefore, our bearish overview will remain valid unless the price rallied to breach 1.1315 followed by 1.1375 levels and hold above them.
The expected trading range for today is between 1.1200 support and 1.1360 resistance.
The expected trend for today: Bearish
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