The EURUSD achieves intraday gains – Analysis - 09-11-2021
Economies.com
2021-11-09 05:27AM UTC
The EURUSD pair breached the bearish channel’s resistance and heads towards achieving temporary intraday gains, expecting to test 1.1615 level before turning back to decline again, noticing that stochastic and the EMA50 provide negative signals that support the continuation of the overall negative scenario.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.1615, noting that we are waiting to visit 1.1525 followed by 1.1400 levels as next main stations.
The expected trading range for today is between 1.1500 support and 1.1650 resistance.
The expected trend for today: Bearish
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