The EURUSD pair settles around 1.0860 level, waiting to resume the bearish trend after the completion of the head and shoulders’ pattern that appears on the chart to head towards our next main target at 1.0765.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 1.0890 might push the price to recover and achieve intraday gains that target testing 1.0960 areas before any new attempt to decline.
The expected trading range for today is between 1.0770 support and 1.0910 resistance.
The expected trend for today: Bearish
Origin: Economies
