The EURUSD pair’s bullish rally stopped at 1.1030 level, which represents the broken neckline of the double top pattern that appears on the chart, noticing that the price begins to rebound bearishly from there, to head towards resuming the correctional bearish wave and achieve negative targets that reach 1.0880.
Therefore, we expect to witness more bearish bias in the upcoming sessions, supported by stochastic negativity that appears clearly now, noting that breaching 1.1030 will stop the expected decline and lead the price to regain the main bullish trend again.
The expected trading range for today is between 1.0900 support and 1.1050 resistance.
The expected trend for today: Bearish
Origin: Economies
