The EURUSD pair ended yesterday with strong negativity to confirm breaking 1.0860 level, which puts the price under the expected negative pressure on the intraday basis, affected by the head and shoulders’ pattern that appears on the chart, waiting to visit 1.0765 as a next station, noting that the mentioned pattern has additional negative targets that extend to 1.0645.
Therefore, the bearish bias will be suggested in the upcoming sessions unless the price rallied to breach 1.0860 followed by 1.0890 levels and hold above them.
The expected trading range for today is between 1.0750 support and 1.0900 resistance.
The expected trend for today: Bearish
Origin: Economies
