The EURUSD pair ended yesterday below 1.2173, to confirm extending the expected correctional bearish scenario on the intraday basis, waiting for more decline to visit 1.2064 that represents the next target.
The EMA50 supports the expected bearish wave, noting that breaching 1.2173 and holding above it will stop the suggested decline and push the price to resume the main bullish trend again.
The expected trading range for today is between 1.2050 support and 1.2200 resistance.
The expected trend for today: Bearish