The EURUSD pair managed to reach the bearish channel’s resistance that appears on the chart, and the EMA50 meets this resistance to add more strength to it, while stochastic reaches the overbought areas now.
Therefore, these factors encourage us to suggest bearish rebound to resume trading inside the mentioned bearish channel, waiting to target 1.0857 level mainly, taking into consideration that breaching 1.1085 will lead the price to achieve additional gains that reach 1.1180 before any new attempt to decline.
The expected trading range for today is between 1.0960 support and 1.1120 resistance.
The expected trend for today: Bearish