The EURUSD price couldn’t manage to hold for long time below 1.0220$, to trade positively and attempts to recover, noticing that the EMA50 forms negative pressure that prevents the price from achieving more rise, while stochastic loses its positive momentum clearly.

 

Therefore, these factors encourage us to suggest the return to decline in the upcoming sessions, waiting to confirm breaking 1.0220$ to open the way to head towards 1.0100$ as a next main target, noting that breaching 1.0325$ will stop the bearish wave and lead the price to start bullish correction on the intraday basis.

 

The expected trading range for today is between 1.0165$ support and 1.0320$ resistance

 

Trend forecast: Bearish