The EURUSD price is testing the bearish channels resistance line that appears on the chart, and as we mentioned this morning, the price needs to hold below 1.0800$ to keep the negative scenario valid for the upcoming period, which its targets begin by breaking 1.0780$ to confirm opening the way to head towards 1.0700$ as a next station, reminding you that breaching the mentioned resistance will push the price to achieve gains that reach 1.0880$ initially.

The expected trading range for today is between 1.0700$ support and 1.0850$ resistance

Trend forecast: Bearish