Midday update for the EURUSD 25-11-2020

2020-11-25 11:52:43 GMT (Economies.com)
 

The EURUSD pair shows some slight bearish bias now after facing solid resistance again at 1.1900 barrier, affected by stochastic negativity, and it might test the key support 1.1840 before turning back to rise again.

 

In general, consolidating above the mentioned support keeps the bullish trend scenario valid and active for the upcoming period, which targets 1.2011 mainly, noting that breaking 1.1840 will press on the price to turn to decline on the intraday basis to visit 1.1720 before any new attempt to rise.

 

The expected trading range for today is between 1.1840 support and 1.2011 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2125
0.0060
0.4936%
1.3674
0.0125
0.9222%
Tadawul
8878.30
-29.61
0.33%
25.764
0.859
3.447%
53.027
0.727
1.390%
56.08
-0.23
0.41%
1870.190
34.075
1.856%
 
 
Live Forex Updates