The EURUSD pair showed positive movement yesterday, testing the 1.0760$ level. The EMA50 aligns with this support level, reinforcing its strength. Despite this, the overall bearish bias is expected to resume, targeting 1.0675$ initially, followed by 1.0600$.
Currently, the bearish trend remains valid and active. However, a breach of the 1.0795$ level would halt the anticipated bearish wave, potentially leading to a bullish reversal.
Expected Trading Range for Today
Support: 1.0660$
Resistance: 1.0800$
Trend Forecast: Bearish