TECHNICAL ANALYSIS - TIMEFRAME 4HR
The EURUSD pair shows sideways trading since morning, settling around 1.0800 barrier, and as long as the price is below 1.0835 the bearish trend scenario will remain active for today, supported by the negative pressure formed by the EMA50, reminding you that our targets begin by breaking 1.0785 to open the way to rally towards 1.0700 as a next main station.
The expected trading range for today is between 1.0720 support and 1.0880 resistance.
📊 QUICK FUNDAMENTAL LOOK
Euro rose in European trade on Monday against a basket of major rivals, while trying to recoup from a ten-week trough against US dollar, and on track for the first profit in three days after ECB President Christine Lagarde's speech at Jackson Hall.
💡 DISCLAIMER:The information on this analysis is based on research and experience, and it is not guaranteed to be accurate or complete