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The EUR/USD pair is currently trading higher, testing the key resistance level at $1.0775, driven by positive momentum in the stochastic indicator. However, caution is advised as the bearish trend remains in play. For this negative outlook to stay intact, the price must hold below the $1.0775 resistance level.
A break below $1.0725 would further support the bearish scenario, with the next downside targets at $1.0650 and $1.0570.
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Today’s expected trading range for EUR/USD is between support at $1.0650 and resistance at $1.0800.
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Trend Outlook: Bearish
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