The EURUSD pair succeeded to touch our waited target at 1.1420 and found solid resistance there, to start providing negative trades now that hint the beginning of potential intraday bearish wave, especially that stochastic shows clear negative signals, while the EMA50 continues to provide the positive support to the price.
Therefore, we prefer staying neutral temporarily until the price confirms its situation according to the above mentioned level, as breaching it will push the price to 1.1500 as a next positive target, while failing to breach will press on the price to decline and test 1.1300 followed by 1.1270 areas before any new attempt to rise.
The expected trading range for today is between 1.1300 support and 1.1500 resistance.
The expected trend for today: Neutral