The EURUSD pair keeps its stability below 1.1705 level after the rise that it witnessed by yesterday’s end, to keep the bearish trend suggested in the upcoming sessions, reminding you that our main waited targets begin at 1.1554 and extend to 1.1443 after breaking the previous level.
The EMA50 keeps supporting the suggested bearish wave, while on the other hand, breaching 1.1705 followed by 1.1765 levels will stop the expected decline and lead the price to turn to rise.
Expected trading range for today is between 1.1530 support and 1.1720 resistance.
Expected trend for today: Bearish