The EURUSD exchange rate hovers around the 1.0806$ mark, poised for a potential downtrend that could see it extend losses below this level to target 1.0774$. Further downside momentum may drive the pair towards 1.0735$ in the near term.
Analysts suggest a bearish outlook for the coming sessions, underpinned by downward pressure indicated by the EMA50. A decisive breach above 1.0880$ would invalidate this bearish scenario, potentially signaling a return to a bullish trajectory.
Today’s expected trading range is projected between support at 1.0740$ and resistance at 1.0890$, reflecting ongoing market volatility and potential directional shifts in the EURUSD pair.