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The EUR/USD pair achieved an initial break to the bullish channel’s support line. They settled below it, reinforcing expectations of continuing the bearish trend for the rest of the day and reminding you that we are waiting to visit 1.0448 as our next main target.
The EMA50 has formed negative pressure, supporting the proposed downside wave, which remains valid under conditions of price stability below 1.0585. The expected trading range for today is between support at 1.0460 and resistance at 1.0600.
The EMA50 has formed negative pressure, supporting the proposed downside wave, which remains valid under conditions of price stability below 1.0585. The expected trading range for today is between support at 1.0460 and resistance at 1.0600.