The EURUSD begins negatively – Analysis - 07-11-2019
Economies.com
2019-11-07 05:48AM UTC
The EURUSD pair opens today’s trading with new bearish bias to break 1.1065 level and attempts to hold below it, which puts the price under more expected negative pressure for the upcoming period, as we witness the completion of a double top pattern that its signs appear on the chart, which has negative targets that reach 1.0995 followed by 1.0950.
Therefore, the bearish bias will be suggested for today, noting that rallying upwards and breaching 1.1105 will stop the expected decline and lead the price to regain its bullish track again.
The expected trading range for today is between 1.0950 support and 1.1120 resistance.
The expected trend for today: Bearish
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