The EURUSD pair keeps fluctuating near 1.1205 level and it remains below it, to keep the bearish trend scenario active until now, supported by the negative pressure that comes from the EMA50 besides stochastic negativity.
Therefore, we will wait for negative trading for the rest of the day conditioned by holding below 1.1205, pointing that the main target represented by visiting 23.6% Fibonacci level at 1.1060.
Expected trading range for today is between 1.1100 support and 1.1280 resistance.
Expected trend for today: Bearish