The EURUSD pair shows negative trades to break the intraday bullish channel’s support line and settles below it now, to start activating the bearish trend scenario on the intraday basis, on its way to visit 1.0765 as a first negative target, making the bearish bias suggested for today.
Breaking 1.0820 will ease the mission of achieving the mentioned target, and surpassing this target will extend the bearish wave to reach 1.0645 areas on the near-term basis, while the bearish trend will remain valid unless the price rallied to breach 1.0860 followed by 1.0890 levels and hold above them.
The expected trading range for today is between 1.0750 support and 1.0900 resistance.
The expected trend for today: Bearish
Origin: Economies
