The EURUSD price witnessed mixed trading on its intraday levels, affected by the negative pressure that comes from its trading below its EMA50, and under the domination of a bearish correctional wave on the short-term basis, on the other hand, we notice the emergence of the positive signals on the (RSI), after reaching oversold levels.

Therefore, our expectations indicate the EURUSD prices decline in the upcoming intraday trading, if the price settles below 1.1430, to target the key support level at 1.1265.

The expected trading range for today is between 1.1265 support and 1.1430 resistance.

Todays forecast: Bearish

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