The EURUSD touches the first target – Analysis - 07-06-2022
Economies.com
2022-06-07 04:07AM UTC
The EURUSD pair bounced downwards strongly after approaching 1.0770 level yesterday, to touch 1.0670 level now and presses negatively on it, which supports the chances of continuing the expected bearish trend for the upcoming period, which its targets extend to 1.0600 followed by 1.0550.
Therefore, the bearish trend scenario will remain valid and active on the intraday basis unless the price rallied to breach 1.0770 and hold above it.
The expected trading range for today is between 1.0580 support and 1.0740 resistance.
The expected trend for today: Bearish
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