EURUSD confirms the breach – Analysis - 15-11-2017

Economies.com
2017-11-15 04:25AM UTC

The EURUSD pair confirmed breaching the correctional bearish channel's resistance that appears on the above chart after ending yesterday's trading above it, which stops the bearish correction that dominated the recent trades and cancelled the negative effect of the head and shoulders' pattern, to head towards a return to the main bullish trend again.

 

Therefore, we expect the continuation of the bullish trend in the upcoming sessions, and the waited targets begin at 1.2000 followed by 1.2100, while the expected rise will remain valid unless breaking 1.1679 level and holding below it.

 

Expected trading range for today is between 1.1730 support and 1.1900 resistance.

 

Expected trend for today: Bullish

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