The EURUSD begins positively – Analysis - 11-06-2021
The EURUSD pair could not manage to hold for long time above 1.2175, starting today with bullish bias to test the bearish channel’s resistance that declines now to 1.2190, to form one of the next trend keys besides the mentioned support, and as long as the price is between these levels, our neutrality will remain valid, waiting to breach one of them to detect the next destination clearly.
Note that breaching the mentioned resistance will push the price to achieve new gains that start by visiting 1.2300 areas, while breaking the support will put the price under negative pressure that targets testing 1.2064 level initially.
The expected trading range for today is between 1.2100 support and 1.2280 resistance.
The expected trend for today: Neutral
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