Market Analysis for EURUSD Price
The EURUSD price confirmed breaking the 1.0765$ level after closing the daily candlestick below it, supporting the continuation of the expected bearish trend on the intraday basis, affected by the previously completed double top pattern.
The Exponential Moving Average (EMA) 50 continues to support the suggested bearish wave. However, breaching 1.0765$ will halt the expected decline and lead the price to start recovery attempts.
The expected trading range for today is between 1.0650$ support and 1.0800$ resistance.
Trend forecast: Bearish
Origin: Economies
