The EURUSD pair attempted to break 1.1300 level on last Friday but it couldn’t close the daily candlestick below it, to fluctuate around it now, but we notice that the EMA50 continues to press negatively on the price, to keep the bearish bias suggested in the upcoming sessions, as our next target is located at 1.1181.
The continuation of the bearish trend depends on the price stability below 1.1443, as breaching it will push the price to achieve positive targets that start at 1.1550 followed by 1.1705 on the near term basis.
Expected trading range for today is between 1.1200 support and 1.1400 resistance.
Expected trend for today: Bearish