Midday update for the EURUSD 16-11-2023
Economies.com
2023-11-16 10:33AM UTC
The EURUSD pair settles below 1.0860 level, to keep the bearish trend scenario active for today, which targets testing 1.0640 as a next main station.
Stochastic positivity interprets the reasons of the current sideways fluctuation, waiting to get negative motive that assist to push the price to achieve the suggested target, reminding you that it is important to hold below 1.0860 to continue the expected decline.
The expected trading range for today is between 1.0750 support and 1.0890 resistance.
The expected trend for today: Bearish
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