The EURUSD pair’s rise stopped at the EMA50 that formed good resistance against the price, to show some slight bearish bias now, and the price still stuck between the key levels represented by 1.0760 support and 1.0860 resistance, to keep our neutrality valid until now, waiting to breach one of these levels to detect the next destination clearly.
We remind you that breaching the resistance will push the price to achieve additional bullish correction that targets 1.0960 as a next positive station, while breaking the support will push the price to decline and attempt to return to the main bearish track again, to head towards 1.0645 initially.
The expected trading range for today is between 1.0700 support and 1.0870 resistance.
The expected trend for today: Neutral
Origin: Economies
