The EUR / USD pair closed the daily candle below 1.2390, keeping the bearish scenario intact so far supported by the negative pressure formed by SMA 50, while Stochastic is gradually losing the positive momentum and approaching the overbought areas.
Therefore, we are waiting for negative trading during the upcoming sessions provided stability below 1.2390, with the reminder that our next main target resides at 1.2300.
The trading range for today is expected among the support at 1.2280 and the resistance at 1.2440
The general trend for today is bearish
