The EURUSD pair succeeded in touching our awaited target at 1.1420 and found strong resistance there, to start providing negative trades now in a sign to start a possible bearish intraday wave, while the 200 SMA continues to provide positive price support. .
Therefore, we prefer to temporarily stop neutral until the price confirms its position in relation to the above mentioned level, as its breach will push the price to 1.1490 as a next positive target, while failure to penetrate will press the price to decrease Test areas of 1.1300 then 1.1270 before any new attempt to rise.
The expected trading range for today is between 1.1300 support and 1.1500 resistance.
the expected overall tendency for this ...
