The EURUSD pair ended yesterday’s trading below 1.1443 level, confirming the bearish rebound, as it found difficulty to surpass the EMA50 that formed solid resistance against the price’s recent positive attempts, while stochastic provides negative overlapping signal now.
Therefore, the bearish bias will be suggested in the upcoming sessions as long as 1.1443 level remains intact, noting that our main targets begin at 1.1300 and extend to 1.1181 after breaking the previous level.
Expected trading range for today is between 1.1270 support and 1.1443 resistance.
Expected trend for today: Bearish