The EURUSD under the negative pressure – Analysis - 06-11-2019
Economies.com
2019-11-06 05:20AM UTC
The EURUSD pair settled near 1.1065 level after the strong decline that it witnessed yesterday, and as long as the price is above this level, our bullish overview will remain valid until now, supported by stochastic positivity, waiting to breach 1.1105 level to reinforce the chances of heading towards 1.1180 as a first positive station.
On the other hand, we should note that breaking 1.1065 and holding below it will stop the expected rise and press on the price to achieve more decline that its main targets reach 1.0995 followed by 1.0950.
The expected trading range for today is between 1.1000 support and 1.1170 resistance.
The expected trend for today: Bullish
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