The EURUSD pair managed to break 1.0880 level and close the daily candlestick below it, which supports the continuation of the expected bearish trend for the upcoming period, opening the way to head towards our next target at 1.0785.
The EMA50 continues to support the suggested bearish wave, which is affected by the previously completed double bottom pattern, taking into consideration that breaching 1.0880 might push the price to start recovery attempts that target testing 1.0955 areas initially before any new attempt to decline.
The expected trading range for today is between 1.0780 support and 1.0935 resistance.
The expected trend for today: Bearish
Origin: Economies
