The EURUSD pair couldn’t manage to hold above 1.0890 level, to end yesterday negatively below this level, to face contradiction between the technical factors that makes us prefer to stay aside until we get clearer signal for the next trend, through breaking 1.0860 support or breaching 1.0890 resistance.
Note that breaking the mentioned support will push the price to decline again affected by the previously completed head and shoulders’ pattern, to head towards visiting 1.0765 initially, while breaching the resistance will push the price to recover and test 1.0960 level as a first positive station.
The expected trading range for today is between 1.0800 support and 1.0960 resistance.
The expected trend for today: Neutral
Origin: Economies
