EURUSD Under the Negative Pressure
EURUSD pair faced clear negative pressure yesterday to break 0.979 level and close the daily candlestick below it, which pushes the price to trade with expected negativity in the upcoming sessions, especially after exiting the intraday bullish channel that appears on the chart, to head towards achieving negative targets that start at 0.9700 and extend to 0.9630 after surpassing the previous level.
Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50, noting that breaching 0.9790 will stop the expected decline and lead the price to recover again.
The expected trading range for today is between 0.9660 support and 0.9830 resistance. The expected trend for today: Bearish.