The EURUSD hits the first target – Analysis - 05-11-2021
Economies.com
2021-11-05 05:35AM UTC
The EURUSD pair succeeded to achieve our first waited target at 1.1525 and settles there, waiting for more decline to break this level and open the way to head towards 1.1400 that represents our next main target.
The EMA50 continues to press negatively on the price to support the expectations to decline, which will remain valid unless breaching 1.1615 and holding above it.
The expected trading range for today is between 1.1460 support and 1.1615 resistance.
The expected trend for today: Bearish
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