The EURUSD pair confirmed breaking the symmetrical triangle’s support line after closing the daily candlestick below it, to approach the first waited negative target at 1.2160, which represents 38.2% Fibonacci correction level for the rise from 1.1553 to 1.2536, which means that breaking it will push the price towards the next correctional level at 1.2045.
The EMA50 forms negative pressure against the intraday trades, and holding below 1.2304 keeps the negative pressure valid for the upcoming period, to suggest the continuation of the bearish bias for today unless the price managed to breach 1.2304 and hold with a daily close above it.
Expected trading range for today is between 1.2100 support and 1.2300 resistance.
Expected trend for today: Bearish