The EURUSD pair opened today’s trading with bearish gap to attack 1.1888 level, which support the continuation of the bearish trend expectations, which its next target located at 1.1780.
Therefore, the bearish trend will remain valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 1.1976 and holding above it will stop the suggested decline and lead the price to turn to rise.
The expected trading range for today is between 1.1800 support and 1.1976 resistance.
The expected trend for today: Bearish