The EURUSD pair traded with strong negativity in the previous sessions to succeed reaching 1.0765 level, and we suggest surpassing this level to achieve additional negative targets that reach 1.0645, depending on the price affect by the previously completed head and shoulders’ pattern, besides the negative pressure formed by the EMA50.
Therefore, we expect to witness more decline in the upcoming sessions, taking into consideration that the consolidation of 1.0765 against the current negative pressure will push the price to attempt to recover and head to test 1.0865 areas again before any new attempt to decline.
The expected trading range for today is between 1.0690 support and 1.0840 resistance.
The expected trend for today: Bearish
Origin: Economies
