The EURUSD pair remains stable below 1.12000 level, and it shows weak trading since morning, noticing that stochastic provides negative overlapping signal that supports the continuation of the bearish trend in the upcoming period, which gets a continuous support from the EMA50.
Therefore, we will wait for testing 1.1000 level, which represents the next main target of the upcoming trading, being aware that the suggested bearish trend depends on the stability below 1.1275 level.
Expected trading range for today is between: 1.1000 support and 1.1275 resistance.
Expected trend for today: Bearish