The EURUSD pair couldn’t manage to break 1.0960 support line, to remain stuck between the trend keys represented by the mentioned support and 1.0995 resistance, to continue with our neutrality until we get clearer signal for the next trend, as the price faces contradiction between the technical factors.
We remind you that breaking the mentioned support will push the price to decline again, to head towards completing head and shoulders’ pattern that its targets surpass 1.0860 to reach 1.0765, while breaching the resistance will lead the price to recover and achieve gains that start by visiting 1.1080 areas.
The expected trading range for today is between 1.0890 support and 1.1070 resistance.
The expected trend for today: Neutral
Origin: Economies
