The EURUSD pair resumed its negative trading strongly to touch our waited target at 1.0900 and settles there, and we expect the continuation of the negative pressure to surpass this level and open the way to extend the bearish wave towards 1.0775.
Therefore, the bearish trend will remain active for the upcoming period supported by the EMA50, noting that the continuation of the bearish wave requires holding below 1.0120.
The expected trading range for today is between 1.0830 support and 1.0970 resistance.
The expected trend for today: Bearish
Origin: Economies
