The EURUSD pair rallied upwards to breach the bearish channel’s resistance and approaches the key resistance 1.1375, and as we mentioned this morning, holding below this level is required to keep the bearish trend active for today, supported by stochastic negativity that appears clearly now, waiting to resume the bearish wave that its next main target located at 1.1145, noting that breaching 1.1375 will stop the negative scenario and lead the price to turn to rise.
The expected trading range for today is between 1.1200 support and 1.1360 resistance.
The expected trend for today: Overall bearish