The EURUSD pair attempted to break 1.0955 level, but it begins today with bullish bias, affected by stochastic positivity, and it might achieve some temporary gains before turning back to decline again.
The EMA50 forms continuous negative pressure against the price, to support the continuation of the correctional bearish trend domination in the upcoming sessions, which is affected by the previously completed double top pattern.
Therefore, the bearish trend scenario will remain valid for the upcoming period, reminding you that our next target is located at 1.0880, taking into consideration that breaching 1.1030 will stop the expected decline and push the price back to the main bullish track.
The expected trading range for today is between 1.0880 support and 1.1030 resistance.
The expected trend for today: Bearish
Origin: Economies
