The EURUSD price managed to touch our waited target at 1.0510$, and bounced bullishly to test the bearish channel’s resistance line that appears on the chart, while stochastic loses its positive momentum gradually, waiting to assist to push the price to resume the expected bearish trend on the intraday and short-term basis, which its next target reaches 1.0400$ areas.
The EMA50 keeps supporting the suggested bearish wave, noting that breaching 1.0580$ will lead the price to start bullish correction before turning back to decline again.
The expected trading range for today is between 1.0460$ support and 1.0610$ resistance
Trend forecast: Bearish
