The EURUSD resumes the rise – Analysis - 01-12-2022

Economies.com
1 month ago

The EURUSD pair tested 1.0285 level and bounced upwards strongly from there, to keep the bullish trend scenario valid and active on the intraday and short term basis, and the way is open to achieve our waited target at 1.0515, noting that breaching this level will extend the bullish wave to reach 1.0600 followed by 1.0745 levels.

 

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1.0285 and holding below it.

 

The expected trading range for today is between 1.0350 support and 1.0520 resistance.

 

The expected trend for today: Bullish

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