Midday update for EURUSD 23-11-2017
Economies.com
2017-11-23 10:43AM UTC
The EURUSD pair keeps crawling upwards to fluctuate near 1.1855 level, and as we mentioned this morning, the price needs to breach this level to confirm rallying towards more rise on the short term basis after completing forming the inverted head and shoulders' pattern that appears on the chart.
Therefore, the bullish trend scenario will remain valid as it is without any change, conditioned by the price stability above 1.1679, reminding you that our first main target is located at 1.2100.
Expected trading range for today is between 1.1740 support and 1.1950 resistance.
Expected trend for today: Bullish
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