The EURUSD tests minor resistance – Analysis - 15-11-2019
Economies.com
2019-11-15 05:39AM UTC
The EURUSD pair fluctuates at 50% Fibonacci correction level and settles below it, noticing that stochastic lost its positive momentum and shows a clear overbought signals, waiting for motivating the price to bounce lower and resuming the expected bearish trend in the upcoming period, targeting 1.0995 then 1.0950 mainly.
The EMA50 supports the expected decline, which will remain valid unless breaching 1.1065 level and holding above it.
The expected trading range for today is between 1.0940 support and 1.1100 resistance.
The expected trend for today: Bearish
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