EURUSD keeps its negative stability – Analysis - 06-11-2018
Economies.com
2018-11-06 04:40AM UTC
The EURUSD pair settles around 1.1400 level since yesterday, and the price keeps its stability below the key resistance 1.1443, which keeps the bearish trend scenario active for today, supported by stochastic approach to the overbought areas, waiting to test 1.1300 level initially.
Breaking the targeted level will push the price towards 1.1181 as a next station, while breaching the mentioned resistance will lead the price to start recovery attempts that target 1.1550 followed by 1.1705 levels on the near term basis.
Expected trading range for today is between 1.1300 support and 1.1460 resistance.
Expected trend for today: Bearish
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