EURUSD touches the target – Analysis - 01-11-2018
Economies.com
2018-11-01 04:51AM UTC
The EURUSD pair managed to touch 1.1300 level without breaking it until now, to show some slight bullish bias now, affected by stochastic positivity, while the EMA50 continues to press negatively on the price, to keep our bearish overview valid in the upcoming period, noting that breaking the mentioned level will push the price towards 1.1181 direct.
On the other hand, we should note that breaching 1.1443 will stop the expected decline and lead the price to start recovery attempts that target 1.1550 followed by 1.1705 levels as initial main stations.
Expected trading range for today is between 1.1250 support and 1.1400 resistance.
Expected trend for today: Bearish
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