The EURUSD pair’s rally stopped at 1.1976, starting today with bearish bias in attempt to move away from this level, noticing that stochastic provides negative signals that reinforce the chances of achieving more decline today.
Therefore, the bearish trend scenario will remain valid and active for the upcoming sessions unless breaching 1.1976 and holding above it, noting that our targets begin at 1.1888 and extend to 1.1780 after breaking the previous level.
The expected trading range for today is between 1.1860 support and 1.2020 resistance.
The expected trend for today: Bearish