The EURUSD pair provides new attempts to break 1.1553 level to move below it now, waiting to get four hours’ close initially below this level to confirm the continuation of the bearish trend on the intraday and short term basis, and as long as the price is below 1.1705, the bearish trend scenario will remain active for the rest of the day, reminding you that our first main target is located at 1.1443.
Expected trading range for today is between 1.1450 support and 1.1660 resistance.
Expected trend for today: Bearish