The EURUSD pair’s rise stopped at the EMA50 that met the minor resistance at 1.1030, accompanied with stochastic reach to the overbought levels, to support the chances for bouncing lower and resuming the expected bearish trend on the intraday and short term basis, targeting 1.0950 levels mainly.
In general, we will keep preferring the bearish trend in the upcoming period unless breaching 1.1065 level and holding above it.
The expected trading range for today is between 1.0930 support and 1.1065 resistance.
The expected trend for today: Bearish