The EURUSD pair shows positive trading on its way towards a potential test to the key resistance 1.1180, moving organized inside the intraday bearish channel that appears on the chart, noticing that the EMA50 meets the mentioned resistance to add more strength to it, which keeps the overall negative scenario valid until now, waiting to rebound bearishly to test 1.1000 initially.
Therefore, we will keep our bearish overview conditioned by the price stability below 1.1180, reminding you that breaking 1.1000 will extend the bearish wave to reach 1.0857 as a next main station.
The expected trading range for today is between 1.1030 support and 1.1200 resistance.
The expected trend for today: Bearish