The EURUSD pair provides slight positive trades after reaching few pips away from our first waited target at 1.0985, as the price affected by stochastic positivity, while the EMA50 keeps pressing negatively on the price, to support the chances of resuming the expected bearish trend for the upcoming period, which its next target located at 1.0880.
Note that the negative effect of the head and shoulders’ pattern still active, while breaching 1.1085 represents positive factor that will stop the current negative pressure and leads the price to regain the main bullish track.
The expected trading range for today is between 1.0940 support and 1.1085 resistance.
The expected trend for today: Bearish