The EURUSD pair ended last Friday above 1.1420, but it begins today with clear negativity to move below this level, which keeps the bearish trend scenario active for the upcoming period, supported by the negative signal provided by stochastic, waiting to head towards 1.1270 that represents our next main target.
On the other hand, we should note that breaching 1.1420 again and holding above it will stop the expected decline and push the price to achieve positive targets that start at 1.1500.
The expected trading range for today is between 1.1320 support and 1.1500 resistance.
The expected trend for today: Bearish
Origin: Economies
