The EUR/USD pair faced a solid barrier at the correctional bullish channel's resistance to rebound bearishly and test the key support of 1.0640, affected by stochastic negativity. As we mentioned, the price needs to consolidate above this level to keep the bullish trend scenario active, whose next target is 1.0764.
On the other hand, continuing the negative pressure and breaking 1.0640 will push the price to decline again and head towards 1.0535, mainly.
The expected trading range for today is between 1.0610 support and 1.0770 resistance.
On the other hand, continuing the negative pressure and breaking 1.0640 will push the price to decline again and head towards 1.0535, mainly.
The expected trading range for today is between 1.0610 support and 1.0770 resistance.
