The EURUSD price managed to confirm breaking 1.0880$ level after closing the daily candlestick below it, to support the expected negative scenario on the intraday and short-term basis, which its next main target located at 1.0780$.
The effect of the double top pattern supports the expectations of continuing the decline, besides the negative pressure formed by the EMA50, noting that breaching 1.0880$ will push the price to start recovery attempts and achieve intraday gains that start at 1.0940$ and might extend to 1.0990$ before any new attempt to decline.
The expected trading range for today is between 1.0780$ support and 1.0920$ resistance
Trend forecast: Bearish
