The EURUSD pair settles below 1.0545 level, to keep the negative pressure valid on the intraday basis, supported by the EMA50 that continues to push the price to the downside, waiting to resume the bearish trend that targets 1.0450 mainly.
On the other hand, we should note that breaching 1.0580 will stop the expected bearish trend and lead the price to achieve new bullish correction that its first target located at 1.0650.
The expected trading range for today is between 1.0450 support and 1.0600 resistance.
Origin: Economies
