The EURUSD pair is testing the minor bearish channel's resistance that appears on chart, noticing that the EMA50 continues to push negatively on the price, to support the continuation of our bearish overview for the rest of the day, which depends on the stability below 1.0938.
Thus, we are waiting for negative trading in the upcoming sessions, and the main target is located at 1.0778, noting that breaching 1.0938 level will lead the price for recovery attempts to target 1.1067 initially.
Expected trading range for today is between 1.0750 support and 1.0938 resistance.
Expected trend for today: Bearish