The EURUSD pair continues to fluctuate within sideways track near 1.0615 level, while stochastic begins to offer negative overlapping signal on the four hours’ time frame, which supports the chances of resuming the main bearish trend, waiting to break 1.0615 level to open the way to head towards 1.0500 level as a first main target.
The EMA50 continues to support the suggested decline, which its continuation conditions holding below 1.0700 level.
Expected trading range for today is between 1.0500 support and 1.0700 resistance.
Expected trend for today: Bearish