The EURUSD price settles near 1.0800$ barrier after the decline that it witnessed in the previous sessions, waiting for more bearish bias to achieve our expected target at 1.0780$, reminding you that breaking it will push the price towards 1.0700$ as a next target.

The EMA50 keeps pressing negatively on the price to support the expectations of continuing the bearish trend, noting that breaching 1.0880$ will stop the bearish wave and lead the price to attempt to build bullish wave that its targets begin at 1.0940$ followed by 1.0990$.

The expected trading range for today is between 1.0735$ support and 1.0880$ resistance

Trend forecast: Bearish