The EURUSD pair traded with strong negativity after the Federal Reserve decision to keep the US dollar interest rate unchanged, to test 1.0800 barrier again, reinforcing the expectations of continuing the bearish trend on the intraday basis, and the way is open to achieve our waited target at 1.0765, reminding you that breaking this level will push the price towards 1.0645 as a next main target.
The negative effect of the head and shoulders’ pattern still active and supports the continuation of the suggested negative scenario, which gets continuous support by the EMA50, taking into consideration that breaching 1.0860 followed by 1.0890 levels will stop the expected decline and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 1.0730 support and 1.0880 resistance.
The expected trend for today: Bearish
Origin: Economies
