The EURUSD pair resumes its negative trading clearly to head towards our waited target at 1.1720, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, being aware that it is important to monitor the price behavior when reaching the mentioned level, as breaking it will extend the bearish wave to target 1.1540 areas on the near term basis, while holding against the current negative pressure will lead the price to resume the main bullish trend again.
The expected trading range for today is between 1.1700 support and 1.1845 resistance.
The expected trend for today: Bearish