The EURUSD resumes the decline – Analysis - 12-04-2022
Economies.com
2022-04-12 01:43AM UTC
The EURUSD pair trades negatively to settle below 1.0900 barrier, reinforcing the expectations of continuing the bearish trend, which gets continuous support by the EMA50, waiting to head towards 1.0775 that represents our next main station.
On the other hand, we should note that breaching 1.0950 will stop the expected decline and lead the price to turn to rise and achieve gains that start by visiting 1.1070 areas.
The expected trading range for today is between 1.0790 support and 1.0950 resistance.
The expected trend for today: Bearish
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