The EURUSD keeps its positive stability – Analysis - 05-12-2022

Economies.com
1 month ago

The EURUSD pair ended last Friday above 1.0515 level after the mixed trades that it witnessed in the previous sessions, starting today with new bullish bias to resume the main bullish trend, approaching our first waited target at 1.0600, waiting for more rise to visit 1.0750 as a next main target.

 

Therefore, the bullish trend scenario will remain valid and active for the upcoming period, supported by the EMA50, noting that it is important to hold above 1.0515 to continue the expected rise.

 

The expected trading range for today is between 1.0500 support and 1.0680 resistance.

 

The expected trend for today: Bullish

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