EURUSD tests the support again – Analysis - 21-11-2017
Economies.com
2017-11-21 04:38AM UTC
The EURUSD pair continues to fluctuate at the breached resistance of the bearish channel that appears on chart, and the EMA50 meets this level to add more strength to it, while stochastic moves at the oversold areas again.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, and the price needs to breach 1.1855 level to ease the mission of rallying towards our first main target at 1.2100, while holding above 1.1679 represents the most important condition to achieve the suggested targets.
Expected trading range for today is between 1.1679 support and 1.1850 resistance.
Expected trend for today: Bullish
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