The EURUSD pair shows sideways and tight trading since morning, settling below 1.1600 barrier, and as long as the price is below 1.1679, the negative effect of the head and shoulders' pattern will remain active, supported by stochastic approach from the overbought areas, besides the pressure coming by the EMA50, reminding you that our main waited target reaches 1.1423.
Expected trading range for today is between 1.1500 support and 1.1680 resistance.
Expected trend for today: Bearish