The EURUSD pair shows new negative trades to press on the bearish channel’s support line that appears on the chart, getting continuous negative support by the EMA50, to keep the bearish trend valid and active for the upcoming sessions, waiting to head towards 1.1145 as a next main target.
Note that failing to confirm breaking the current support areas around 1.1275 will push the price to achieve intraday gains and test 1.1375 level before any new attempt to decline
The expected trading range for today is between 1.1190 support and 1.1340 resistance.
The expected trend for today: Bearish
Origin: Economies
