The EURUSD gets a positive motive – Analysis - 23-11-2020

The EURUSD pair begins today’s trading with bullish bias in attempt to move away from the intraday bullish channel’s support line, noticing that stochastic provides positive overlapping signal now, which forms good positive motive that supports the expectations of continuing the bullish trend in the upcoming sessions, which targets 1.2011 as a next main station.

Therefore, we are waiting for more rise on the intraday and short term basis, noting that breaking 1.1830 will stop the suggested rise and press on the price to visit 1.1720 areas before any new attempt to rise.

The expected trading range for today is between 1.1800 support and 1.1970 resistance.

The expected trend for today: Bullish