The EURUSD pair continues to fluctuate around the broken support line that appears on the chart, and the price still below this level that forms solid resistance barrier at 1.1240, which supports the continuation of the bearish overview, noticing that stochastic begins to get rid of its positive momentum.
Therefore, we will keep our bearish trend expectations for the upcoming period supported by the negative pressure formed by the EMA50, reminding you that breaking 1.1180 will open the way to rally towards 1.1100 as a next station, while holding below 1.1300 represents key condition to continue the expected decline.
The expected trading range for today is between 1.1140 support and 1.1300 resistance.
The expected trend for today: Bearish