The EURUSD touches the target – Analysis - 19-11-2021
The EURUSD pair managed to touch our waited positive target at 1.1375 and begins to rebound bearishly from there, to support the expectations of resuming the main bearish trend after the temporary rise that it witnessed in the previous sessions, supported by stochastic negativity that appears clearly on the four hours’ time frame, besides the negative pressure formed by the EMA50.
Note that the targets of the expected bearish wave begin at 1.1285 and extend to 1.1145 after breaking the previous level, while breaching 1.1375 represents positive factor that will lead the price to achieve additional gains that reach 1.1525 – 1.1560 areas.
The expected trading range for today is between 1.1260 support and 1.1415 resistance.
The expected trend for today: Bearish
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