The EURUSD price is testing the EMA50 that forms good intraday resistance against the price, moving within sideways track as appears on the chart, while stochastic begins to lose its positive momentum again, waiting to motivate the price to resume the negative trades to attack 1.0760$ followed by opening the way to achieve our waited targets that start at 1.0700$ and extend to 1.0650$.

Therefore, we will continue to suggest the bearish trend for the upcoming period, reminding you that breaching 1.0865$ will stop the expected decline to push the price to achieve bullish correction that its first target located at 1.0930$.

The expected trading range for today is between 1.0740$ support and 1.0880$ resistance

Trend forecast: Bearish