The EURUSD pair trades with bearish bias last Friday to approach from the main waited target at 1.2785, which allows the trading to settle below the previously broken minor rising wedge’s support and below the most important barrier at 1.3010, which makes us keep preferring the bearish trend in the upcoming sessions.
We remind you that monitoring the EURUSD price behavior when reaching the suggested target is important, where breaking it will extend the pair’s losses to reach levels near 1.2500, while breaching 1.3010 represents an initial positive factor that supports the attempts of regaining the main bullish trend.
Expected trading range for today is between: 1.2745 support and 1.2950 resistance.
Expected trend for today: Bearish