The EURUSD returns to test the resistance - 08-06-2023
Economies.com
2023-06-08 03:28AM UTC
The EURUSD pair provided new positive trades yesterday to test the key resistance 1.0730 again, and kept its stability below it to keep the bearish trend scenario active, waiting to visit 1.0650 initially.
The EMA50 forms continuous negative pressure that supports the expected decline, and we need to be aware from the upcoming trades, as the many attempts to breach 1.0730 might push the price to stop the negative scenario and turn to rise.
Note that confirming breaching 1.0730 will lead the price to achieve gains that start at 1.0795 and extend to 1.0860.
The expected trading range for today is between 1.0630 support and 1.0770 resistance.
The expected trend for today: Bearish
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