The EURUSD pair tests the intraday bearish channel’s resistance that appears on the chart, and the EMA50 meets this resistance to add more strength to it, while stochastic loses its positive momentum to enter the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its targets begin by breaking 1.1780 to confirm heading towards 1.1700, noting that breaching 1.1830 will motivate the price to achieve additional gains that target attacking 1.1888 and attempt to turn to rise.
The expected trading range for today is between 1.1730 support and 1.1870 resistance.
The expected trend for today: Bearish
Origin: Economies
