The EURUSD pair continues to fluctuate around 1.1605 level, keeping its stability below it until now, accompanied by witnessing clear negative signals through stochastic, which motivates the price to resume the expected bearish trend on the intraday and short term basis, waiting to head towards 1.1500 that represents our next main target.
Therefore, the negative scenario will remain valid for the upcoming period, noting that breaching 1.1605 will lead the price to start recovery attempts that target visiting 1.1700 areas initially.
The expected trading range for today is between 1.1490 support and 1.1635 resistance.
The expected trend for today: Bearish
Origin: Economies
