03.03.2022
The euro against the dollar is trading below the 1.1150 level, to keep the negative pressure valid for the upcoming period, waiting to visit the 1.1000 level as a next main target.
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The EMA50 continues to support the suggested bearish wave, noting that breaching 1.1150 and stabilizing above it will stop the expected decline and push the price to start recovery attempts on the intraday term.
The expected trading range: between the support 1.1010 and the resistance 1.1160.
The general trend for today: bearish.
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