The EURUSD within bearish pattern – Analysis - 05-07-2022
Economies.com
2022-07-05 03:45AM UTC
The EURUSD pair’s recent trade are confined within bearish pennant pattern that appears on the chart, thus, breaking 1.0415 support will activate the negative effect of this pattern and push the price towards our next waited negative target at 1.0355 direct.
Therefore, the chances valid to continue the expected bearish trend on the intraday basis, reminding you that breaking the mentioned level will lead the price to visit 1.0250 as a next target, while holding below 1.0550 represents key condition to achieve the suggested targets.
The expected trading range for today is between 1.0340 support and 1.0500 resistance.
The expected trend for today: Bearish
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