The EURUSD pair tested 1.0730 level again and kept its consolidation below it, noticing that the price trades with clear negativity now, to move away from this level and support the continuation of the expected bearish trend on the intraday and short term basis, and the way is open to achieve our next target at 1.0650, reminding you that breaking it will push the price to 1.0520 areas.
The EMA50 continues to support the suggested bearish wave, noticing that stochastic provides negative signals that support the chances of continuing the decline in the upcoming sessions, to keep the bearish trend scenario valid and active conditioned by the price stability below 1.0730.
The expected trading range for today is between 1.0640 support and 1.0780 resistance.
The expected trend for today: Bearish