Midday update for the EURUSD 11-10-2019

Economies.com
2019-10-11 10:20AM UTC

The EURUSD pair retested the breached resistance of the bearish channel that appears on the chart and bounced upwards from there, accompanied by stochastic getting rid of the negative momentum gradually, waiting to get positive motive that supports the chances of continuing the expected bullish trend for today, which depends on the price stability above 1.1000 and 1.0975 levels, while the next main target is located at 1.1180.

 

The expected trading range for today is between 1.0940 support and 1.1110 resistance.

 

The expected trend for today: Bullish

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