EURUSD begins positively – Analysis - 07-11-2018
Economies.com
2018-11-07 05:07AM UTC
The EURUSD pair begins today’s trading with bullish bias to breach 1.1443 level and attempts to hold above it, which urges caution from the upcoming trading, as settling above this level will stop the recently suggested negative scenario and push the price to visit 1.1550 followed by 1.1705 levels as initial positive stations.
Now, we prefer staying aside until the price confirms its situation from 1.1443 level, noting that trading below it again will reactivate the bearish trend scenario that its first target located at 1.1300.
Expected trading range for today is between 1.1370 support and 1.1550 resistance.
Expected trend for today: Neutral
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