The EURUSD pair settles at 1.0700 level, falling under continuous negative pressure coming by the EMA50, to support the continuation of the decline within the bearish channel that appears on the chart, noting that our next station reaches 1.0650.
Therefore, the bearish trend scenario will remain dominant on the intraday basis, noting that breaching 1.0775 might push the price to test 1.0890 areas before any new attempt to decline
The expected trading range for today is between 1.0630 support and 1.0775 resistance.
The expected trend for today: Bearish
Origin: Economies
