The EURUSD within negative pattern – Analysis - 15-06-2022
7 months ago

The EURUSD pair’s recent trades are confined within descending triangle pattern that appears on the chart, thus, the price needs to break 1.0400 to get negative motive that assist to rally towards our next negative target at 1.0354.


Therefore, our bearish overview will remain valid and active for the upcoming period supported by the EMA50 that continues to press negatively on the price, noting that breaching 1.0465 will push the price to test 1.0550 before any new attempt to decline.


The expected trading range for today is between 1.0355 support and 1.0500 resistance.


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The expected trend for today: Bearish

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