The EURUSD pair hovers around 1.1180 level keeping its stability below it, and the EMA50 continues to form negative pressure on the price, which supports the chances of resuming the bearish trend in the upcoming sessions, especially that stochastic loses its positive momentum to enter the overbought areas.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, and the targets begin at 1.1060 and extend to 1.0860, reminding you with the condition of holding below 1.1280 to achieve the suggested targets.
Expected trading range for today is between 1.1060 support and 1.1280 resistance.
Expected trend for today: Bearish