The EURUSD pair ended last Friday below 1.0960 level, to fall under expected negative pressure on the intraday basis, noting that our waited target is located at 1.0860.
The technical indicators provide positive signals that might push the price to attempt to recover and regain the bullish trend, which urges caution from the upcoming trading, noting that breaching 1.0960 will stop the current negative pressure and lead the price to achieve new gains that reach 1.1080, while breaking 1.0860 will push the price to achieve additional negative targets that extend to 1.0765.
The expected trading range for today is between 1.0830 support and 1.0970 resistance.
The expected trend for today: Bearish
Origin: Economies
