The EURUSD pair bounced bearishly after testing the first key resistance at 1.0955, in attempt to resume the correctional bearish track, waiting to break 1.0880 to confirm opening the way to head towards our next station at 1.0785.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 1.0955 followed by 1.1030 levels will stop the expected decline and lead the price to regain the main bullish trend again.
The expected trading range for today is between 1.0820 support and 1.0970 resistance.
The expected trend for today: Bearish
Origin: Economies
