The EURUSD price bounced bearishly after testing the EMA50 in the previous sessions, to approach 1.0475$ level, noticing that stochastic shows negative signal that we are waiting to motivate the price to break this level and open the way to continue the decline on the intraday basis, reminding you that our next target is located at 1.0400$.
Therefore, we will continue to suggest the bearish trend for the upcoming period, reminding you that breaching 1.0563$ will push the price to achieve additional bullish correction that its next target reaches 1.0634$.
The expected trading range for today is between 1.0400$ support and 1.0550$ resistance
Trend forecast: Bullish
