The EURUSD pair fluctuates around 1.0880, and it closed yesterday below it, to keep the bearish trend scenario active for the upcoming period, which its next target located at 1.0785.
The EMA50 continues to press negatively on the price to support the continuation of the expected decline, depending on the negative effect of the double top pattern that appears on the chart, noting that consolidating above 1.0880 will stop the negative scenario and lead the price to start recovery attempts that target testing 1.0955 level initially.
The expected trading range for today is between 1.0790 support and 1.0950 resistance.
The expected trend for today: Bearish
Origin: Economies
