The EURUSD resumes the decline – Analysis - 03-05-2022
Economies.com
2022-05-03 03:56AM UTC
The EURUSD pair provided negative trades yesterday to test 1.0500 barrier, reinforcing the expectations of continuing the bearish trend, which its next main target located at 1.0450.
Stochastic current positivity might cause some sideways fluctuation before resuming the expected bearish trend, which gets continuous support by the EMA50, 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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