The EURUSD pair settles around 1.0250 level after the strong decline that it witnessed yesterday, falling under continuous negative pressure coming by the EMA50, to suggest the continuation of the bearish bias in the upcoming sessions and heading to achieve more decline that targets 1.0100 as a next main station.
Therefore, the bearish trend scenario will remain suggested on the intraday and short term basis, taking into consideration that breaching 1.0355 will stop the negative pressure and lead the price to start new recovery attempts.
The expected trading range for today is between 1.0170 support and 1.0320 resistance.
The expected trend for today: Bearish