EURUSD attempts to recover – Analysis - 29-11-2018
Economies.com
2018-11-29 05:29AM UTC
The EURUSD pair settled around 1.1380 level after the bullish rally that it witnessed yesterday, which keeps the bearish trend scenario valid until now, depending on the price stability below 1.1443, supported by the negative pressure provided by the EMA50.
We remind you that our targets begin by breaking 1.1300 to confirm heading towards 1.1181 as a next main target, taking into consideration that breaching 1.1443 will stop the expected decline and lead the price to achieve gains that start at 1.1550 and extend to 1.1705.
Expected trading range for today is between 1.1280 support and 1.1443 resistance.
Expected trend for today: Bearish
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