Midday update for EURUSD 02-11-2017
Economies.com
2017-11-02 10:59AM UTC
The EURUSD pair shows sideways and tight trading settling below 1.1679 level, and stochastic approaches from the overbought areas now, thus, no change to the bearish trend scenario that depends on holding below the mentioned level, waiting to visit 1.1423 level mainly.
We should note that breaching 1.1679 and holding above it will stop the expected decline and lead the price to regain the main bullish trend again, to start the positive targets at 1.1800 and extend to 1.2100.
Expected trading range for today is between 1.1530 support and 1.1700 resistance.
Expected trend for today: Bearish
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