The EURUSD pair surpassed the bearish channel’s resistance and settles above it, to head towards potential test to the key resistance 1.0730, noticing that the EMA50 meets this resistance to add more strength to it, while stochastic begins to lose the positive momentum.
Therefore, these factors encourage us to suggest the overall bearish trend, which its targets begin by breaking 1.0650 to open the way to head towards 1.0520 as a next negative station, noting that breaching 1.0730 will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 1.0590 support and 1.0750 resistance.
The expected trend for today: Bearish