The EURUSD pair opens today’s trading with new decline to test the EMA50, reinforcing the expectations of continuing the bearish bias on the intraday basis, reminding you that we are waiting to test 1.0960 mainly.
Breaking 1.1015 will ease the mission of achieving the suggested target, noting that we expect to witness weak trading volumes today affected by the extended markets’ holidays, while on the other hand, we should note that breaching 1.1080 will stop the expected decline and lead the price to recover again.
The expected trading range for today is between 1.0950 support and 1.1080 resistance.
The expected trend for today: Bearish
Origin: Economies
