EURUSD - Technical Analysis: Sunday, 05/07/2015 23:54 GMT

The price opens on a bearish gap that pushes the EURUSD pair to break the ascending channel’s support, which stops the positive trading and lead the price to turn its trend downwards.

Stochastic is negative now, and the exponential moving averages 50 and 100 put negative pressure that reinforce the expectations of more decline in the upcoming period.

The next stations are located at 1.0825 followed by 1.0520.