The EURUSD under the negative pressure – Analysis - 27-07-2022
The EURUSD pair faced strong negative pressure yesterday to break 1.0200 and reach 1.0100, to hint potential return to the main bearish track, but it faces contradiction between the technical factors that makes us prefer to stay aside until the price confirms breaching one of the mentioned levels and detect the next destination clearly.
Note that breaking 1.0100 will press on the price to continue the decline and achieve additional negative targets that reach 0.9950, while breaching 1.0200 resistance will motivate the price to provide new recovery attempts that start by visiting 1.0280 and extend to 1.0355 after breaching the previous level.
The expected trading range for today is between 1.0060 support and 1.0230 resistance.
The expected trend for today: Neutral
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