The EURUSD pair tested 1.0800 barrier and found solid support there, to show some temporary bullish bias, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets testing 1.0765 initially.
Therefore, the negative scenario will remain valid until now, supported by the pressure formed by the EMA50, reminding you that the continuation of the bearish wave depends on the price stability below 1.0860 and 1.0890 levels.
The expected trading range for today is between 1.0750 support and 1.0900 resistance.
The expected trend for today: Bearish
Origin: Economies
