The EURUSD pair opens today’s trading with clear negativity to break the intraday bullish trend line and head towards achieving expected decline on the intraday basis, targeting testing 1.0745 initially, being aware that we need to monitor the price when reaching this level, as breaking it will extend the bearish wave to reach 1.0630 areas as a next main station.
Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50 now, taking into consideration that breaching 1.0870 will stop the negative scenario and lead the price to resume the main bullish wave again.
The expected trading range for today is between 1.0730 support and 1.0875 resistance.
The expected trend for today: Bearish