The EURUSD price bounced upwards clearly to head towards potential test to the key resistance 1.0475$, noticing that stochastic loses its positive momentum clearly to enter the overbought areas, while the EMA50 forms continuous negative pressure against the price.
Therefore, we expect to resume the main bearish track in the upcoming sessions, targeting visiting 1.0333$ level initially, reminding you that breaking this level will push the price towards 1.0250$ direct, while the expected decline will remain valid unless breaching 1.0475$ and holding above it.
The expected trading range for today is between 1.0350$ support and 1.0500$ resistance
Trend forecast: Bearish
Origin: Economies
