The EURUSD loses momentum – Analysis - 15-11-2021
Economies.com
2021-11-15 05:31AM UTC
The EURUSD pair leaned on the bearish channel’s support line and begins to provide slight positive trades, noticing that stochastic loses its positive momentum clearly, to support the chances of resuming the expected bearish trend on the intraday and short term basis, which targets 1.1400 followed by 1.1300 levels as next main stations.
We should note that continuing the rise and breaching 1.1525 will stop the suggested decline and lead the price to achieve additional gains that might reach 1.1630 before any new attempt to resume the medium term bearish track.
The expected trading range for today is between 1.1370 support and 1.1525 resistance.
The expected trend for today: Bearish
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