EURUSD retests – Analysis - 02-11-2017

Economies.com
2017-11-02 04:27AM UTC

The EURUSD pair retested 1.1679 level and keeps its stability below it, as the EMA50 meets this level to add more strength to it, while stochastic loses its positive momentum gradually.

 

Therefore, our bearish overview will remain valid for the upcoming period, and the next main target is represented by visiting 38.2% Fibonacci correction level at 1.1423, reminding you that the continuation of the bearish wave depends on holding below 1.1679.

 

Expected trading range for today is between 1.1530 support and 1.1700 resistance.

 

Expected trend for today: Bearish

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