The EURUSD pair trades positively to breach 1.1605 and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the recently suggested negative scenario and leads the price to achieve intraday gains that its targets begin by testing 1.1700 areas.
The EMA50 and stochastic provide negative signals that support the expected decline, and the price needs to trade below 1.1605 again to resume the bearish trend that its next target located at 1.1500.
The expected trading range for today is between 1.1490 support and 1.1635 resistance.
The expected trend for today: Bearish