The EURUSD pair ended yesterday below 1.0765 level, to confirm the continuation of the bearish trend domination and open the way to achieve additional negative targets in the upcoming sessions, to head towards visiting 1.0645 as a next station.
The EMA50 continues to support the suggested bearish wave, affected by the head and shoulders’ pattern that appears on the chart, noting that breaching 1.0765 will stop the negative pressure and lead the price to attempt to recover and achieve gains that reach 1.0860 mainly before determining the next trend clearly.
The expected trading range for today is between 1.0660 support and 1.0800 resistance.
The expected trend for today: Bearish
Origin: Economies
