EURUSD retests – Analysis - 10-11-2017

The EURUSD pair settles near 1.1679 level, keeping its stability below it, accompanied by stochastic reach to the overbought areas again, which forms negative factor that we are waiting to push the price to resume the bearish trend in the upcoming sessions, to keep the bearish bias suggested in general, as the price is affected by the head and shoulders' pattern that its signs appear on chart.

Therefore, the bearish trend will remain suggested for today unless breaching 1.1679 level and holding above it, waiting to head towards our main target at 1.1423, noting that we might witness weak trading today affected by the US markets' holidays.

Expected trading range for today is between 1.1550 support and 1.1680 resistance.

Expected trend for today: Bearish