The EURUSD pair ended yesterday below 1.0860 level, to confirm reactivating the negative effect of the head and shoulders’ pattern that appears on the chart, on its way to achieve negative targets that start at 1.0765 and extend to 1.0645 after breaking the previous level.
Therefore, the bearish bias will be suggested in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 1.0860 followed by 1.0890 levels will stop the expected decline and lead the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 1.0770 support and 1.0920 resistance.
The expected trend for today: Bearish
Origin: Economies
