EURUSD fails with positive consolidation
Hello everyone, The EUR/USD pair was unable to hold above the support floor that it tried to form above the 1.0860 level, trading negatively and heading towards an expected visit to the 1.0801 areas, so the bearish bias is likely for today, with the need to monitor the price when it reaches the aforementioned level, as breaking it represents the key to returning to the path. The main bearish trend and achieving an additional decline, with its next target reaching 1.0742.
On the other hand, it should be noted that breaching 1.0860 will stop the negative scenario and push the price to conduct a new upward correction targeting the 1.0907 areas in the near term.
Pivot Price: 1.0860
Resistance prices: 1.0907 & 1.0949 & 1.0988
Support prices: 1.0801 & 1.0742 & 1.0697
The general trend expected for today is bearish
On the other hand, it should be noted that breaching 1.0860 will stop the negative scenario and push the price to conduct a new upward correction targeting the 1.0907 areas in the near term.
Pivot Price: 1.0860
Resistance prices: 1.0907 & 1.0949 & 1.0988
Support prices: 1.0801 & 1.0742 & 1.0697
The general trend expected for today is bearish
and already did it a new bullish movement