The EURUSD pair bounced downwards strongly after approaching the waited positive target at 1.0950, to settle below the EMA50, which hints heading to resume the main bearish trend, but we prefer to stay aside until we get clearer signal for the next trend, due to the contradiction between the technical factors now.
Note that the continuation of the negative pressure and breaking 1.0775 will push the price to achieve new negative targets that reach 1.0700, while breaching 1.0860 will lead the price to recover again and attack 1.0950 initially.
The expected trading range for today is between 1.0750 support and 1.0920 resistance.
The expected trend for today: Neutral
Origin: Economies
