The EURUSD pair settles around 1.1580 level, falling under the negative pressure that the EMA50 continues to form, waiting to resume the negative trading that its next main target located at 1.1525.
In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 1.1615 and holding above it, noting that surpassing the mentioned target will extend the bearish wave to reach 1.1400 as a next main station.
The expected trading range for today is between 1.1500 support and 1.1640 resistance.
The expected trend for today: Bearish