EURUSD Price Analysis The EURUSD price faces negative pressure to break the 1.0715$ level and attempts to hold below it. The recent trades are confined within a minor bullish channel that we believe forms a bearish flag pattern. Breaking 1.0695$ will activate the negative effect of this pattern and push the price to resume the main bearish trend, opening the way to achieve negative targets, starting with testing the 1.0615$ level.

Therefore, a bearish bias will be suggested for today. Consolidating above 1.0695$ and breaching 1.0715$ will stop the expected decline and lead the price to rise again, heading towards visiting 1.0795$ mainly.

Expected Trading Range Support: 1.0620$ Resistance: 1.0770$ Trend Forecast Bearish