The EURUSD pair showed some slight rise after finding solid support at 1.1525, to test the intraday bearish channel’s resistance that appears on the chart, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the negative trades to break the mentioned support and open the way to head towards 1.1400 as a next main target.
In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 1.1615 and holding above it.
The expected trading range for today is between 1.1460 support and 1.1615 resistance.
The expected trend for today: Bearish