EUR analysis 06.12.2019

The euro against the dollar continues to fluctuate at 1.1105, and the price gets continuous positive support from the EMA50, to support the chances of breaching the mentioned level and then rushing towards our next target which is located at 1.1180.

In general, we will maintain our bearish expectations, provided stability above 1.1065, as breaking this level will put the price under negative pressure, its targets start at 1.0995 then 1.0950.

The expected trading range for today is between 1.1050 support and 1.1200 resistance.

Expected trend for today: bullish.