The EURUSD reaches the extended target – Analysis - 01-11-2021
Economies.com
2021-11-01 05:12AM UTC
The EURUSD pair’s decline stopped near our extended target at 1.1525, and we expect to surpass this level to open the way to extend the bearish wave to reach 1.1400 as a next station, as the pair trades inside major bearish channel that supports the chances of achieving more decline on the short term and medium term basis.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.1615 and hold 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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