The EURUSD pair reached few pips away from our waited target at 1.1700, showing slight positive trades now, noticing that the EMA50 continues to press negatively on the price, waiting to resume the bearish bias to break the mentioned level and confirm extending the bearish wave towards 1.1600.
Holding below 1.1780 is important to continue the expected decline, as breaching it will lead the price to start recovery attempts that target visiting 1.1850 areas initially.
The expected trading range for today is between 1.1660 support and 1.1800 resistance.
The expected trend for today: Bearish
Origin: XM
