The EURUSD price shows weak trades since morning, while provided positive trades yesterday to approach the key resistance 1.1100$, noticing that stochastic reaches the overbought areas and begin to overlap negatively now, waiting to assist to push the price to decline again, and the price needs to break 1.1040$ to open the way to visit 1.0990$ followed by 1.0940$ levels mainly.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.1100$ will stop the negative scenario and lead the price to attempt to regain the main bullish trend again and achieve gains that reach 1.1200$ initially.
The expected trading range for today is between 1.0990$ support and 1.1140$ resistance.
Trend forecast: Bearish
