The EURUSD pair traded with clear negativity yesterday approaching from our main waited target at 1.2490, reinforcing our expectations to witness more bearish bias in the upcoming period, which is supported by stochastic and the EMA50 negativity.
We remind you that holding below 1.2785 represents a main condition to continue the suggested bearish trend, while it’s important to monitor the price behavior when reaching the mentioned target, as breaking it will extend the pair’s losses to reach the psychological barrier at 1.2000.
Expected trading range for today is between: 1.2490 support and 1.2700 resistance.
Expected trend for today: Bearish