EURUSD builds bearish channel
The EURUSD pair continues to fluctuate around 0.97 level, and finds difficulty to confirm breaking it, noticing that the price moves inside intraday bearish channel that supports the chances of continuing the expected bearish wave for the upcoming period, which targets 0.963 followed by 0.955 levels as next main stations.
In general, we will continue to suggest the bearish trend unless breaching 0.9790 level and holding above it, noting that stochastic loses its positive momentum now to support the chances of resuming the suggested decline.
The expected trading range for today is between 0.96 support and 0.976 resistance. The expected trend for today: Bearish.