The EURUSD price settles below the neckline of the double top pattern that appears on the chart, to keep the negative effect of this pattern active, waiting to resume the negative trades to break 1.0860 and confirm opening the way to head towards 1.0765 that represents our next target.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.0900 followed by 1.0960 levels will stop the expected decline and lead the price to recover again.
The expected trading range for today is between 1.0800 support and 1.0950 resistance.
Trend forecast: Bearish
Origin: Economies
