The EURUSD pair is stuck between 1.1554 support and 1.1620 resistance, and the EMA50 forms good resistance against the price’s positive attempts, while stochastic begins to lose the positive momentum gradually.
Therefore, we will continue to suggest the bearish trend for today unless breaching 1.1620 level and holding above it, reminding you that breaking 1.1554 will push the price towards our first target at 1.1443 direct.
Expected trading range for today is between 1.1480 support and 1.1660 resistance.
Expected trend for today: Bearish