The EURUSD pair succeeded to achieve our main waited target at 1.1150 and settles there, noticing that the price closed the daily candlestick below this level, to support the chances of extending the bearish wave on the short term and medium term basis, paving the way to head towards 1.1020 areas as a next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that the consolidation of 1.1150 level against the negative pressure will lead the price to start recovery attempts that target testing 1.1265 followed by 1.1375 areas mainly.
The expected trading range for today is between 1.1050 support and 1.1220 resistance.
The expected trend for today: Bearish