The EURUSD pair trades with clear negativity to head towards potential test to the key support 1.2040, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the positive scenario valid for the upcoming period, which targets 1.2300 as a next station, noting that breaking 1.2040 will confirm the beginning of bearish correction that its first main target located at 1.1955.
The expected trading range for today is between 1.2050 support and 1.2240 resistance.
The expected trend for today: Bullish