The EURUSD loses momentum – Analysis - 03-11-2020
Economies.com
2020-11-03 04:42AM UTC
The EURUSD pair shows some slight bullish bias by today’s open, noticing that stochastic loses its positive momentum clearly, which supports the chances of resuming the expected bearish trend on the intraday basis, which targets 1.1540 level mainly.
The EMA50 keeps supporting the suggested bearish wave, noting that breaching 1.1720 followed by 1.1765 levels will stop the expected decline and leads the price to regain the main bullish trend again.
The expected trading range for today is between 1.1540 support and 1.1720 resistance.
The expected trend for today: Bearish
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