Midday update for the EURUSD 07-10-2021

The EURUSD pair continues to fluctuate around 1.1563 level and still below it until now, accompanied by stochastic loss to the positive momentum, which keeps our bearish overview valid for today, supported by the negative pressure formed by the EMA50, reminding you that our first main target is located at 1.1500.

The expected trading range for today is between 1.1460 support and 1.1620 resistance.

The expected trend for today: Bearish