The EURUSD pair opens this week trading with more negativity to break 1.2490 level and attempts to settle below it, which signals that the bearish trend will remain the dominant in the upcoming period, to open the way towards targeting the psychological barrier at 1.2000 as a next main station.
The EMA50 keeps pushing negatively on the intraday and short term trading to support the bearish trend expectations, which remain valid and active unless breaching 1.2490 then 1.2615 levels and holding above them.
Expected trading range for today is between: 1.2330 support and 1.2615 resistance.
Expected trend for today: Bearish