The EURUSD pair provided additional negative trades to keep approaching 1.0500 level, falling under continuous negative pressure coming by the EMA50, to support the chances of continuing the bearish bias in the upcoming sessions, noting that the next target extends to 1.0450.
Therefore, we expect to witness more decline on the intraday and short term basis, reminding you that it is important to hold below 1.0630 to achieve the suggested targets.
The expected trading range for today is between 1.0470 support and 1.0610 resistance.
The expected trend for today: Bearish