The EURUSD pair settles near the first waited target at 1.1240, and the price shows continuous bearish bias that hints heading to break the mentioned level and open the way to head towards our next target at 1.1180.
Therefore, we will keep our bearish overview supported by the EMA50, noting that breaching 1.1278 will stop the expected decline and push the price to start recovery attempts on the intraday and short term basis.
The expected trading range for today is between 1.1170 support and 1.1310 resistance.
The expected trend for today: Bearish
Origin: Economies
