The EURUSD pair tested 1.2173 level and keeps its stability below it until now, accompanied by stochastic loss to the positive momentum gradually, to keep the bearish trend scenario valid for the upcoming period, depending on formation of the head and shoulders’ pattern that has negative targets that start at 1.2064 and extend to 1.1975.
On the other hand, we should note that the continuation of the bearish wave requires holding below 1.2173 and 1.2220 levels.
The expected trading range for today is between 1.2050 support and 1.2220 resistance.
The expected trend for today: Bearish