The EURUSD pair settles at the parity level at 1.0000, noticing that stochastic begins to overlap negatively now, to form negative motive that we expect to push the price to resume the bearish bias and head towards our next target that reaches 0.9940.
Therefore, the bearish trend scenario will remain suggested for the upcoming period supported by the negative pressure formed by the EMA50, taking into consideration that holding below 1.0070 is required to achieve the waited targets, as breaching it will push the price to start correctional bullish wave on the intraday basis.
The expected trading range for today is between 0.9940 support and 1.0100 resistance.
The expected trend for today: Bearish
Origin: Economies
