The EURUSD surpasses the first target – Analysis - 16-11-2021
Economies.com
2021-11-16 05:34AM UTC
The EURUSD pair confirmed breaking 1.1400 level after closing the daily candlestick below it, which supports the chances of achieving more decline on the intraday and short term basis, and the way is open to head towards our next target that reaches 1.1300.
The EMA50 continues to support the suggested bearish wave, noting that breaching 1.1400 will lead the price to achieve intraday gains and attempts to recover to test 1.1525 areas initially before any new attempt to decline.
The expected trading range for today is between 1.1290 support and 1.1440 resistance.
The expected trend for today: Bearish
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