EURUSD tests the resistance – Analysis - 24-11-2017
Economies.com
2017-11-24 04:36AM UTC
The EURUSD pair hovers around the key resistance 1.1855, which represents the neckline of the inverted head and shoulders' pattern that appears on the above chart, waiting for confirmed breach to this level to activate the positive effect of the bullish pattern, which will assist to push the price towards our first target at 1.2100.
In general, we will continue to suggest the bullish trend in the upcoming sessions supported by the EMA50, conditioned by holding above 1.1679, as breaking this level will put the price under the correctional bearish pressure again.
Expected trading range for today is between 1.1765 support and 1.1950 resistance.
Expected trend for today: Bullish
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