The EURUSD pair settles near 1.1040 level, and the price keeps its stability below the bearish channel’s resistance, where it is under continuous negative pressure that comes from the EMA50, while stochastic continues to provide overbought signals.
Therefore, these factors encourage us to keep preferring the bearish trend in the upcoming sessions, targeting 1.0857 level mainly, while achieving it requires holding below 1.1085 level.
The expected trading range for today is between 1.0950 support and 1.1100 resistance.
The expected trend for today: Bearish