The EURUSD pair shows sideways and tight trading since yesterday, keeping its stability below the key resistance 1.1679, to keep the negative effect of the head and shoulders' pattern active, supported by the pressure formed by the EMA50, besides the negative signal provided by stochastic.
Therefore, we are waiting for negative trading in the upcoming sessions, and the main expected target is located at 1.1423, while holding below 1.1679 represents the most important condition to achieve it.
Expected trading range for today is between 1.1550 support and 1.1720 resistance.
Expected trend for today: Bearish