The EURUSD pair fluctuates around 1.1200 level, and the price moves inside an intraday bearish channel that appears on the chart, which supports the chances of surpassing 1.1180 level to open the way to head towards our next negative station that reaches 1.1100.
In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 1.1265 level and holding above it, supported by the EMA50 that presses negatively on the price, noting that stochastic loses its positive momentum gradually to support the chances of resuming the expected bearish trend.
The expected trading range for today is between 1.1130 support and 1.1275 resistance.
The expected trend for today: Bearish