EUR/USD tested the first pivotal resistance at 1.0955, and held on below it, with downward trend still viable, awaiting the direction to 1.0880 then 1.0835 as next major targets.
The Stochastic indicator lost its positive momentum and entered overbought levels, bolstering the case for resuming the downward trend, and we note that a breach of 1.0955, then 1.0990, will stymie the negative scenario and lead prices back to the main upward trend.
Expected trading range for today is between the 1.0850 support and the 1.1000 resistance.
Expected trend for today: Bearish
Origin: Economies
