The EURUSD pair confirmed breaking 1.0860 level after ending yesterday below it, to turn to decline and head towards achieving negative targets that start by testing 1.0760 level, making the bearish bias suggested for today.
The EMA50 forms negative pressure that supports the expected decline, noting that breaking the mentioned level will push the price to resume the main bearish track and achieve more negative targets, while breaching 1.0860 will stop the negative pressure and lead the price to attempt to achieve additional bullish correction on the intraday basis.
The expected trading range for today is between 1.0750 support and 1.0900 resistance.
The expected trend for today: Bearish
Origin: Economies
