The EURUSD pair shows new positive trades to continue testing the intraday bearish channel’s resistance, accompanied by witnessing clear overbought signals through stochastic, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which depends on the price stability below 1.1830 as a first condition to the continuation of the suggested decline, while it targets 1.1780 followed by 1.1700 levels as main negative stations.
The expected trading range for today is between 1.1730 support and 1.1870 resistance.
The expected trend for today: Bearish