The EURUSD attempts to recover – Analysis - 12-11-2019
Economies.com
2019-11-12 05:42AM UTC
The EURUSD pair provided sideways and tight trades yesterday, showing some slight bullish bias now, but it’s still below 1.1065 level, to keep the negative effect of the double top pattern valid, supported by the negative pressure formed by the EMA50, besides the negative signal that appears on stochastic.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, which targets 1.0995 followed by 1.0950 levels mainly, while achieving them requires holding below 1.1065 and 1.1105 levels.
The expected trading range for today is between 1.0950 support and 1.1100 resistance.
The expected trend for today: Bearish
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