The EURUSD breaches the resistance – Analysis - 11-10-2019
Economies.com
2019-10-11 04:47AM UTC
The EURUSD pair ended yesterday’s trading above the bearish channel’s resistance, which stops the recently suggested negative scenario and leads the price to achieve more expected gains in the upcoming sessions, on its way to visit 1.1180 mainly.
Therefore, the bullish trend will be suggested for today supported by moving above the EMA50, taking into consideration that breaking 1.1000 followed by 1.0975 levels will push the price back to the bearish track and stops the current rise.
The expected trading range for today is between 1.0940 support and 1.1110 resistance.
The expected trend for today: Bullish
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