The EURUSD pair closed the last daily candlestick below 1.1780, to reinforce the expectations of continuing the bearish trend in the upcoming period, on its way to visit 1.1700 that represents our next negative target.
The EMA50 continues to support the suggested bearish wave, taking into consideration that consolidating above 1.1780 will stop the expected decline and lead the price to start recovery attempts that target testing 1.1880 areas initially.
The expected trading range for today is between 1.1690 support and 1.1850 resistance.
The expected trend for today: Bearish