The EURUSD pair finds difficulty to surpass the intraday bullish channel’s resistance that appears on the chart, to start providing bearish rebound signals now, and according to the trading rules inside the channels, the price is on its way to start intraday bearish wave that targets testing the mentioned channel’s support line that meets 1.1720 level.
Therefore, we suggest witnessing negative trades today, supported by stochastic negativity, taking into consideration that breaching 1.1870 will stop the suggested decline and leads the price to resume the main bullish trend that targets 1.2010 level as a next positive station.
The expected trading range for today is between 1.1740 support and 1.1900 resistance.
Origin: Economies
