The EURUSD pair provided negative trades yesterday to press on 1.0400 barrier, but it bounced upwards strongly to test 1.0485 level, noticing that the price begins today negatively, affected by stochastic negativity, which supports the continuation of the expected bearish trend scenario on the intraday basis, which its next main target located at 1.0355.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.0550 and hold above it.
The expected trading range for today is between 1.0370 support and 1.0510 resistance.
The expected trend for today: Bearish