The EURUSD keeps its negative stability – Analysis - 04-05-2022
Economies.com
2022-05-04 04:11AM UTC
The EURUSD pair tested the key resistance 1.0580 in the previous sessions and bounced bearishly from there, to keep the negative scenario active for the upcoming period, which targets visiting 1.0450 as a main negative station.
The EMA50 continues to support the suggested bearish wave, noting that breaching 1.0580 will lead the price to achieve intraday bullish correction before turning back to decline again.
The expected trading range for today is between 1.0430 support and 1.0580 resistance.
The expected trend for today: Bearish
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