The EURUSD tests the resistance – Analysis - 18-08-2022
Economies.com
2022-08-18 04:11AM UTC
The EURUSD pair tested the key resistance 1.0200 and keeps its stability below it, as the EMA50 met this resistance to add more strength to it, to keep the bearish trend scenario active, waiting to visit 1.0100 initially.
On the other hand, we should note that breaching 1.0200 and holding above it will stop the expected decline and lead the price to start recovery attempts that target testing 1.0278 areas mainly.
The expected trading range for today is between 1.0090 support and 1.0230 resistance.
The expected trend for today: Bearish
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