The EURUSD within tight track – Analysis - 26-11-2021

Economies.com
1 year ago

The EURUSD pair fluctuates within tight trades since yesterday, affected by the US markets holidays, moving around the intraday bearish channel’s resistance that appears on the chart.

 

Therefore, no change to the bearish trend scenario that targets 1.1145 as a next main station, supported by the negative pressure formed by the EMA50, reminding you that breaching 1.1275 will push the price to achieve intraday gains and test 1.1375 before any new attempt to decline.

 

The expected trading range for today is between 1.1140 support and 1.1275 resistance.

 

The expected trend for today: Bearish

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