Midday update for the EURUSD 11-12-2019

The EURUSD pair shows more of the bearish bias to move away from 1.1108 level, and stochastic keeps providing negative signals, waiting for more of the downside moves for the rest of the day, targeting 1.0995 then 1.0950 levels as next main stations, reminding you that holding below 1.1108 is important for achieving the suggested targets.

Note that you should be aware for today’s trading, where we are waiting for the issuance of the FOMC rate decision, which might cause strong and mixed trading for the major currencies’ pair.

The expected trading range for today is between 1.1000 support and 1.1140 resistance.

The expected trend for today: Bearish