The EURUSD presses on the support – Analysis - 08-06-2022
Economies.com
2022-06-08 04:08AM UTC
The EURUSD pair attempted to break 1.0670 level yesterday but it couldn’t manage to hold below it, starting today with new bearish bias, motivated by stochastic negativity that appears clearly now, waiting to assist to break the mentioned level and open the way to rally towards our negative stations at 1.0600 followed by 1.0550.
Therefore, we will continue to suggest the bearish trend that gets good support by the EMA50 unless breaching 1.0770 and holding above it.
The expected trading range for today is between 1.0600 support and 1.0740 resistance.
The expected trend for today: Bearish
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