The EURUSD returns to test the resistance – Analysis - 10-05-2022
Economies.com
2022-05-10 04:17AM UTC
The EURUSD pair tests the key resistance 1.0580 again, keeping its stability below it until now, which keeps our bearish overview valid for the upcoming period, supported by stochastic loss to the positive momentum, waiting to resume the decline to visit 1.0450 mainly.
Note that breaching 1.0580 and holding above it will push the price to achieve new bullish correction that targets testing 1.0650 level initially.
The expected trading range for today is between 1.0480 support and 1.0640 resistance.
The expected trend for today: Bearish
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