The EURUSD resumes the decline – Analysis - 25-11-2021

The EURUSD pair provided additional negative trades yesterday and attempted to break 1.1200 level, which supports the expected bearish trend scenario on the intraday and short term basis, which targets 1.1145 level, waiting for more decline in the upcoming sessions supported by the EMA50 unless breaching 1.1275 level and holding above it.

Note that the markets might witness calm trades affected by the US markets holidays.

The expected trading range for today is between 1.1140 support and 1.1375 resistance.

The expected trend for today: Bearish