The EURUSD touches the first target – Analysis - 12-01-2022

Economies.com
1 year ago

The EURUSD pair reached 1.1375 level now and fluctuates there, waiting to breach this level to confirm extending the bullish wave to and head towards 1.1500 followed by 1.1560 as next positive targets.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that failing to achieve the required breach might push the price to test 1.1290 areas before any new attempt to decline.

 

The expected trading range for today is between 1.1300 support and 1.1450 resistance.

 

The expected trend for today: Bullish

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