📊TECHNICAL ANALYSIS ON 4-HOURS TIMEFRAME
The EURUSD pair shows additional positive trades to attempt to approach the first waited target at 1.0960, reinforcing the expectations of continuing the bullish trend for today, supported by the EMA50, noting that breaching the mentioned level will push the price to achieve additional gains that reach 1.1080, while the expected rise will remain valid conditioned by the price stability above 1.0860. The expected trading range for today is between 1.0860 support and 1.1000 resistance.
📊QUICK FUNDAMENTAL LOOK
Euro rose on Thursday in European trade against a basket of major rivals, resuming gains against the dollar and approaching three-month high. The gains come ahead of European data on major sectors for November, which will provide clues on the health of the European economy in the fourth quarter of the year.
⚠️Warning: Trading contains elements of risk, please be careful when Making Orders, Market Recommendations are only for consideration.