The EURUSD declined on its last intraday trading, surrendering to the negative pressures after reaching the resistance of its EMA50, with the beginning of negative overlapping signals appearance on the (RSI), after reaching overbought areas exaggeratedly compared to the price move, which indicates the beginning of forming negative divergence, the price is moving within a bearish correctional wave on the short-term basis

Therefore, our expectations suggest more of the downside moves in their upcoming intraday trading, if it settles below 1.1340, to target the support level at 1.1260.

The expected trading range for today is between 1.1260 support and 1.1380 resistance.

Todays forecast: Bearish

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