The EURUSD pair ended last week below 1.1356 level, to confirm the turn of the intraday and short term trading to the downside, and as we mentioned in our last technical update, the price will head towards 1.1196 areas as a next main station.
Stochastic positivity might push the price to retest 1.1356 level that turns into resistance now after breaking it previously before resuming the bearish trend that gets support by the EMA50, noting that breaching 1.1356 followed by 1.1420 levels will stop the current negative pressure and pushes the price to achieve gains again.
Expected trading range for today is between 1.1196 support and 1.1400 resistance.
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Stochastic positivity might push the price to retest 1.1356 level that turns into resistance now after breaking it previously before resuming the bearish trend that gets support by the EMA50, noting that breaching 1.1356 followed by 1.1420 levels will stop the current negative pressure and pushes the price to achieve gains again.
Expected trading range for today is between 1.1196 support and 1.1400 resistance.
[URL deleted]
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