The EURUSD pair didn’t show any strong move yesterday, to fluctuate around 1.0925 level, noticing that stochastic lost its positive momentum clearly, and begins to overlap negatively now, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which its next main target located at 1.0860.
Holding below 1.0960 represents major condition to the continuation of the expected decline, as breaching it will push the price to recover again and open the way to achieve new gains that reach 1.1080 areas, while breaking 1.0860 will put the price under additional negative pressure that targets 1.0765 levels on the near-term basis.
The expected trading range for today is between 1.0840 support and 1.0980 resistance.
The expected trend for today: Bearish
Origin: Economies
