The EURUSD price resumed its negative trading to approach our waited target at 1.0780$, reinforcing the expectations of continuing the domination of the bearish trend, reminding you that breaking this level will push the price towards 1.0700$ as a next negative station.

The EMA50 keeps supporting the suggested bearish wave, reminding you that breaching 1.0880$ will stop the negative scenario and lead the price to turn to rise and build bullish wave on the intraday basis.

The expected trading range for today is between 1.0730$ support and 1.0870$ resistance

Trend forecast: Bearish