The EURUSD pair provided negative trades on yesterday’s evening to approach our first waited target at 1.1100, to keep the bearish trend scenario valid on the intraday basis, reminding you that surpassing the mentioned level will push the price to 1.1000 as a next main target.
Therefore, we will continue to suggest the bearish bias for today supported by the negative pressure formed by the EMA50 unless the price rallied to breach 1.1180 – 1.1205 levels and hold above them.
The expected trading range for today is between 1.1050 support and 1.1200 resistance.
The expected trend for today: Bearish