The EURUSD pair returned to decline after the temporary rise that it witnessed yesterday, as stochastic lost its positive momentum and begins to overlap negatively now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1.1605 level as a next main station.
The EMA50 keeps supporting the expected bearish wave, reminding you that it is important to hold below 1.1780 to achieve the waited targets.
The expected trading range for today is between 1.1630 support and 1.1780 resistance.
The expected trend for today: Bearish