The EURUSD price keeps its stability below 1.0860$ level, to keep the negative effect of the double top pattern active and keep the bearish trend scenario valid for today, which targets 1.0765$ followed by 1.0690$ levels as next main stations.

Positive signals, expected decline

Stochastic positivity might cause some temporary sideways fluctuation before resuming the expected decline.

The EMA50 continues to press negatively on the price to support the continuation of the bearish trend.

The expected scenarios

The overall expected trend is bearish, and breaking 1.0800$ will reinforce these expectations.

Breaching 1.0860$ will stop the bearish trend and lead the price to turn to rise.

Expected trading range and price overview

The expected trading range for today is between 1.0720$ support and 1.0870$ resistance.

Trend forecast: bearish