The EURUSD pair settles below 1.1700 barrier, to keep the negative pressure valid for the upcoming period, supported by the EMA50 that pushes the price to the downside, waiting to visit 1.1605 that represents our next main target.
Therefore, our bearish overview will remain valid and active on the intraday and short term basis, reminding you that it is important to hold below 1.1780 to continue the expected decline.
The expected trading range for today is between 1.1590 support and 1.1740 resistance.
The expected trend for today: Bearish
Origin: Economies
