Midday update for EURUSD 14-11-2017

The EURUSD pair trades with clear negativity to breach 1.1679 level and attempts to hold above it, which hints the price head to cancel the effect of the head and shoulders' pattern and attempt to regain the main bullish trend, approaching to breach the key resistance at 1.1745.

Therefore, we prefer staying aside temporarily until we get clearer signal for the next trend, which we will get through breaching 1.1745 resistance or breaking 1.1679 support, noting that breaching this resistance will confirm the continuation of the bullish trend towards 1.2100 areas on the near term basis, while breaking the support will reactivate the negative scenario that its next target located at 1.1423.

Expected trading range for today is between 1.1600 support and 1.1760 resistance.

Expected trend for today: Depends on the above mentioned levels