EUR/USD close to finish a correction

EUR/USD close to finish a correction

2019-11-11 • Updated

EUR/USD is currently performing a corrective move from last week’s highs, as part of the bullish bias developed after a strong rebound around the 200 SMA at H1 chart. The pair is looking for the demand zone between the 1.1282 and 1.1233 levels, where is located a key rebound area, according to our Fibonacci retracement projection. If it resumes the bullish bias around those levels, the spot could be looking for the 1.1523 level (-23.6% Fibonacci retracement zone).

RSI indicator continues to favor the bearish bias in the short-term, as it remains in the negative territory.

EURUSDH4.png

Similar

Worst Awaits Risk Assets in September
Worst Awaits Risk Assets in September

The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.

Latest news

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera