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Midday update for the EURUSD 12-09-2023
The EURUSD pair traded with clear negativity to attack 1.0725 level and settles below it now, to hint heading to activate the negative scenario for the rest of the day, on its way to visit 1.0635 as a next main target.
Therefore, the bearish bias will be suggested for the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 1.0765 followed by 1.0785 levels will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 1.0660 support and 1.0840 resistance.
The expected trend for today: Bearish for the rest of the day
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