The euro/dollar pair ended yesterday's trading below the 1.0860 level after the positive attempts it witnessed in the past sessions, so that the downward trend remains expected in the immediate term, which targets testing the 1.0801level as a main next stop.
The Stochastic indicator provides negative signals that support the chances of resuming the expected downward trend, keeping in mind that breaching 1.0860 will push the price to conduct an additional upward correction, with its next target reaching the 1.0907areas.
Pivot Price: 1.0860
Resistance prices: 1.0907 & 1.0949 & 1.0988
Support prices: 1.0801 & 1.0742 & 1.0697
The general trend expected for today: bearish
The Stochastic indicator provides negative signals that support the chances of resuming the expected downward trend, keeping in mind that breaching 1.0860 will push the price to conduct an additional upward correction, with its next target reaching the 1.0907areas.
Pivot Price: 1.0860
Resistance prices: 1.0907 & 1.0949 & 1.0988
Support prices: 1.0801 & 1.0742 & 1.0697
The general trend expected for today: bearish
