The EURUSD shows mixed trades – Analysis - 16-06-2022

The EURUSD pair’s rise stopped at 1.0500 barrier, to rebound downwards strongly and reach 1.0355 level, and we expect to witness additional negative trades in the upcoming sessions, targeting testing the last level again, noting that breaking it will extend the bearish wave to reach 1.0250.

Therefore, the bearish bias will be suggested for today conditioned by the price stability below 1.0490.

The expected trading range for today is between 1.0355 support and 1.0510 resistance.

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The expected trend for today: Bearish