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EURUSD begins negatively – Analysis - 20-10-2017
The EURUSD pair opens today's trading with bearish bias after attempting to breach the resistance line that appears on chart, to keep the bearish trend scenario suggested in the upcoming sessions, supported by the overbought signals that appear through stochastic, waiting to head towards 1.1679 level mainly.
Therefore, we are waiting for negative trading for today, taking into consideration that breaching 1.1850 will stop the expected bearish trend and lead the price to resume the main bullish trend again.
Expected trading range for today is between 1.1700 support and 1.1870 resistance.
Expected trend for today: Bearish
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The EURUSD pair ends today's trading with clear positivity and attempts to breach 1.1840 level, which urges caution from the upcoming trading, as holding above this level will push the price to regain its main bullish trend that its next target located at 1.2100, while holding below it will keep the negative scenario valid, which its main target represented by testing 1.1679 level.
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