Midday update for the EURUSD 30-11-2023

Economies.com
2023-11-30 09:19AM UTC

The EURUSD pair faces strong negative pressure to break 1.0960 and attack the bullish channel’s support line, to hint heading to decline for the rest of the day, on its way to visit 1.0860 as a next negative target.

 

Therefore, the bearish bias will be suggested in the upcoming sessions unless breaching 1.0960 and holding above it again, noting that breaking 1.0860 will put the price under more negative pressure and head towards 1.0760 areas mainly.

 

The expected trading range for today is between 1.0860 support and 1.1000 resistance.

 

The expected trend for today: Bearish for the rest of the day

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