The EURUSD pair couldn’t manage to hold for long time above 1.0960, to break it and settle below it again, noticing that the price recorded lower high as appears on the chart, to hint heading to decline in the upcoming sessions, on its way to visit 1.0860 as a first negative target.
Therefore, the bearish bias will be suggested for today unless breaching 1.0960 and holding above it, as breaching this level represents the key to start new bullish wave that targets 1.1080 areas on the near-term basis.
The expected trading range for today is between 1.0860 support and 1.1000 resistance.
The expected trend for today: Bearish
Origin: Economies
