Midday update for the EURUSD 19-11-2021

Economies.com
2021-11-19 11:13AM UTC

The EURUSD pair succeeded to achieve our first waited negative target at 1.1285 and attempts to break it, reinforcing the expectations of continuing the bearish trend, which its targets extend to 1.1145, noting that the EMA50 and stochastic continue to provide the negative signals that support the expected decline, which will remain valid conditioned by the price stability below 1.1375.

 

The expected trading range for today is between 1.1230 support and 1.1375 resistance.

 

The expected trend for today: Bearish

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