The EURUSD continues to decline – Analysis - 02-11-2020

2020-11-02 04:50:54 GMT (Economies.com)
 

The EURUSD pair provided additional negative trades on last Friday to approach 1.1600 barrier, which supports the continuation of our bearish overview on the intraday basis, reminding you that our main waited target is located at 1.1540.

 

The EMA50 keeps supporting the suggested bearish wave, which will remain valid and active unless the price rallied to breach 1.1720 followed by 1.1755 levels and hold above them.

 

The expected trading range for today is between 1.1540 support and 1.1700 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1911
-0.0143
1.1851%
1.3838
-0.0097
0.6972%
Tadawul
9242.28
-68.88
0.74%
25.247
-1.621
6.035%
66.283
4.812
7.828%
69.56
2.85
4.27%
1700.790
-39.040
2.244%
 
 
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