The EURUSD pair managed to reach yesterday’s suggested target at 1.1005, noticing that the price bounce higher affected by stochastic positivity, which might cause temporary sideways fluctuation before resuming the negative attempts.
Until now, we keep preferring the bearish trend, supported by the negative pressure that comes from the EMA50, pointing that the next target at 1.0890, while you should take into consideration that breaching 1.1120 then 1.1264 levels will stop the suggested negative scenario and leads the price to recovery attempts on the short and medium term basis.
Expected trading range for today is between 1.0890 support and 1.1120 resistance.
Expected trend for today: Bearish
Origin: Economies.com
