The EURUSD still negative - 17-11-2023

Economies.com
2023-11-17 04:04AM UTC

The EURUSD pair ended yesterday below 1.0860 level after the positive attempts that it witnessed in the previous sessions, to keep the bearish trend expected on the intraday basis, which targets testing 1.0760 as a next main station.

 

Stochastic provides negative signals that support the chances of resuming the expected bearish bias, noting that breaching 1.0860 will push the price to achieve additional bullish correction that its next target reaches 1.0960 areas.

 

The expected trading range for today is between 1.0760 support and 1.0920 resistance.

 

The expected trend for today: Bearish

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