The EURUSD pair retests the previously broken support of the rising wedge’s pattern that appears in the image and keeps its stability below it until now, where it forms resistance that rises to 1.1200, accompanied with stochastic reach to the overbought levels, while the EMA50 meets the mentioned resistance to strengthen it.
Therefore, these factors encourage us to keep preferring the bearish trend in the upcoming sessions unless holding above 1.1205 level, reminding you that our main waited target at 1.1060.
Expected trading range for today is between 1.1100 support and 1.1280 resistance.
Expected trend for today: Bearish