The EUR/USD pair settles below 1.1120 level, while the EMA50 continues to push negatively on the price, which keeps our bearish overview valid for the upcoming period, supported by the negative signals offered by stochastic on the four hours’ time frame.
Therefore, we are waiting negative trading in the upcoming sessions, and the targets begin at 1.1005 and extend to 1.0890 after breaking the previous level, reminding you that holding below 1.1264 represents the most important condition to continue the suggested decline.
Expected trading range for today is between 1.1005 support and 1.1200 resistance.
Expected trend for today: Bearish
Origin: Economies.com
