The EURUSD keeps declining – Analysis - 27-04-2022
Economies.com
2022-04-27 01:26AM UTC
The EURUSD pair managed to achieve our extended target at 1.0650 and surpassed it to settle below it, to open the way to continue the decline in the upcoming sessions, noting that breaking 1.0630 will push the price to 1.0500 areas as a next main station.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, taking into consideration that failing to break the above mentioned support will lead the price to start recovery attempts that target test 1.0775 areas initially.
The expected trading range for today is between 1.0560 support and 1.0700 resistance.
The expected trend for today: Bearish
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