The EURUSD pair returns to test the bearish wedge’s resistance again, affected by stochastic positivity that appears on the four hours time frame, while the EMA50 continues to form resistance barrier that decelerates the price attempts to achieve more of the upside moves.
Therefore, the bearish trend scenario will remain active for today unless holding above 1.0581 level, reminding you that our main targets begin at 1.0455 and extend to reach 1.0339 as a next main station.
Expected trading range for today is between 1.0455 support and 1.0620 resistance.
Expected trend for today: Bearish