The EURUSD pair resumes its negative trading after facing the EMA50, on its way to head towards our main waited target at 1.1060, which represents 23.6% Fibonacci correction for the rise measured from 1.0341 to 1.1282, noting that stochastic keeps providing the negative signals on the intraday time frames.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 1.1230 level and holding above it, noting that breaking 1.1060 level will extend the correctional bearish wave to reach 1.0922 as a next main station.
Expected trading range for today is between 1.1060 support and 1.1230 resistance.
Expected trend for today: Bearish