The EUR/USD pair continued to decline to test the bullish channel’s support line, starting today with more decline to press on this support and hint heading to resume the main bearish trend again, on its way to achieve negative targets that start by visiting the recently recorded low at 1.0448.

Therefore, the bearish bias will be expected for today, supported by moving below the EMA50, considering that breaching 1.0585 will stop the suggested decline and lead the price to recover. The expected trading range for today is between 1.0460 support and 1.0600 resistance.