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The EURUSD still negative - 30-05-2023
The EURUSD pair keeps its stability below 1.0735 level, to keep the bearish trend scenario valid and active for the upcoming period, organized inside the bearish channel that appears on the chart, waiting to visit 1.0650 as a next target.
The EMA50 continues to support the suggested bearish wave, while stochastic provides positive signals that hinder the mission to continue the decline.
Note that holding below 1.0735 is important to continue the expected decline, as breaching it will push the price to recover and achieve gains that start by visiting 1.0795 areas.
The expected trading range for today is between 1.0640 support and 1.0790 resistance.
The expected trend for today: Bearish
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Expected calm trades affected by the financial markets’ holidays.
The currencies pairs and commodities move within tight ranges, affected by the European and US markets holidays, therefore, the suggested scenarios in our previous reports will remain valid without any change, and we recommend reviewing it to check the expected targets and trends for the upcoming period.
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