The EURUSD tests the moving average - 30-01-2023

Economies.com
2023-01-30 05:02AM UTC

The EURUSD pair continues to provide weak trades around the EMA50, noticing that stochastic attempts to provide positive signals, waiting to motivate the price to resume the bullish wave that targets 1.1030 as a next station.

 

Therefore, the positive scenario will remain active as long as 1.0845 level remains intact, reminding you that breaking this level will put the price under intraday pressure to test 1.0745 areas before any new attempt to rise.

 

The expected trading range for today is between 1.0800 support and 1.0960 resistance.

 

The expected trend for today: Bullish

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