Midday update for the EURUSD 30-11-2020
Economies.com
2020-11-30 11:34AM UTC
The EURUSD pair shows more bullish bias to continue approaching the waited target at 1.2011, and as we mentioned this morning, we are waiting to breach this level to confirm the continuation of the bullish trend towards 1.2155 that represents our next main target.
On the other hand, we should note that the stability of 1.2011 level against the current rise might force the price to start bearish wave according to the trading rules inside the channels, its main target reaches 1.1855 before turning back to rise again.
The expected trading range for today is between 1.1900 support and 1.2050 resistance.
The expected trend for today: Bullish
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