EURUSD begins to decline – Analysis - 01-11-2017
Economies.com
2017-11-01 04:33AM UTC
The EURUSD pair begins today's trading with slight bearish bias after approaching from 1.1679 level in the previous sessions, as the EMA50 meets the mentioned level to add more strength to it, while stochastic continues to provide the negative signals on the four hours' time frame.
Therefore, these factors encourage us to keep our bearish overview in the upcoming period, waiting to head towards 1.1423 that represents our next main target, reminding you that breaching 1.1679 will stop the expected negative pressure and lead the price to regain its main bullish track again.
Expected trading range for today is between 1.1530 support and 1.1700 resistance.
Expected trend for today: Bearish
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