The EURUSD pair confirmed breaking 1.0550 level after closing last Friday below it, reinforcing the expectations of continuing the domination of the bearish trend, and the way is open to achieve our next target at 1.0460, which breaking it represents the key to head towards the previously recorded low at 1.0354.
Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 1.0550 will stop the current negative pressure and lead the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 1.0400 support and 1.0550 resistance.
The expected trend for today: Bearish