The EURUSD resumes the decline - 25-05-2023

Economies.com
2023-05-25 04:04AM UTC

The EURUSD pair continued to decline to reach the thresholds of the first waited target at 1.0730, moving within the bearish channel that supports the chances of surpassing this level to open the way to head towards the next negative station that reaches 1.0650.

 

Therefore, the bearish trend will remain dominant in the upcoming sessions, supported by the EMA50, taking into consideration that breaching 1.0795 will stop the expected decline and lead the price to attempt to build bullish wave followed by regaining the main bullish trend again.

 

The expected trading range for today is between 1.0650 support and 1.0800 resistance.

 

The expected trend for today: Bearish

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