The EURUSD pair ended yesterday’s trading below 1.1415 after the strong declined mentioned in our last technical updates, which opens the way to extend the bearish wave in the upcoming period to target the psychological barrier at 1.1000 as a next main station.
The continuation of the expected bearish trend will depend on holding below 1.1415 and the most important below 1.1600, as breaching these levels might push the price for recovery attempts that its main targets reach 1.2040.
Expected trading range for today is between: 1.1200 support and 1.1450 resistance.
Expected trend for today: Bearish