The EURUSD pair opens today’s trading with new negativity to move below 1.1888 after the attempt to breach it yesterday, as we notice that stochastic provides negative overlapping signal that supports the chances of achieving more decline in the upcoming sessions, making the bearish bias suggested for today, targeting visiting 1.1780 mainly.
The intraday bearish channel organizes the suggested bearish wave, noting that failing to consolidate below 1.1888 will push the price to achieve intraday gains that target testing 1.1976 before detecting the next destination clearly.
The expected trading range for today is between 1.1800 support and 1.1940 resistance.
The expected trend for today: Bearish