EUR USD negotiates the key support – Analysis - 26/11/2015
Economies.com
2015-11-26 05:58AM UTC
The EURUSD pair hovers near 1.0615 level since yesterday, noticing that the price couldn’t get a daily close below this level after the last strong negative attempts, to show sideways trading now, waiting for resuming the main bearish trend that gets a continuous support from the EMA50.
Stochastic loses its bullish momentum gradually to support the downside track expectations, therefore, we keep preferring the bearish bias that its first target located at 1.0500, while achieving it requires holding below 1.0690.
Expected trading range for today is between 1.0500 support and 1.0720 resistance.
Expected trend for today: Bearish
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