The EURUSD pair settled below 1.1605 level, to confirm the continuation of the bearish bias on the intraday and short term basis, organized inside the bearish channel that appears on the chart, reminding you that our next negative target is located at 1.1500.
The EMA50 supports the expected bullish wave, taking into consideration that breaching 1.1605 will lead the price to start intraday recovery attempts and achieve some bullish correction before turning back to decline again.
The expected trading range for today is between 1.1490 support and 1.1635 resistance.
The expected trend for today: Bearish
Origin: Economies
