The EURUSD pair settles near the correctional bearish channel’s support line, falling under continuous negative pressure coming by the EMA50, waiting to resume the negative trades to head towards our next main target that reaches 1.1540.
In general, we will continue to suggest the bearish trend for the upcoming period as long as 1.1720 level remains intact, as breaching this level will stop the expected negative pressure and leads the price to start recovery attempts that target testing 1.1840 levels initially.
The expected trading range for today is between 1.1580 support and 1.1720 resistance.
The expected trend for today: Bearish
Origin: Economies
