The EURUSD gathers the positive momentum – Analysis - 28-11-2022

Economies.com
2022-11-28 04:40AM UTC

The EURUSD pair shows some slight bearish bias to test the EMA50, noticing that stochastic gains the positive momentum clearly, waiting to assist to push the price to rise again, as our next positive target is located at 1.0515.

 

Therefore, the bullish trend scenario will remain valid for today, depending on the price stability above 1.0285, noting that breaking this level will stop the expected rise and press on the price to turn to decline.

 

The expected trading range for today is between 1.0285 support and 1.0450 resistance.

 

The expected trend for today: Bullish

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