The EURUSD pair’s trades are confined within tight track since yesterday, moving below the EMA50 that forms negative pressure against the price, which keeps the bearish trend scenario valid for the upcoming period, which its targets begin by testing 1.1888.
We remind you that breaking the mentioned level will extend the bearish wave to reach 1.1780, while the expected decline will remain valid unless breaching 1.1976 and holding above it.
The expected trading range for today is between 1.1850 support and 1.2000 resistance.
The expected trend for today: Bearish
Origin: Economies
