Dovish ECB and hawkish Fed paint a bearish outlook for the EUR/USD. Is declining to 1.0770 the next stop?
EUR/USD: correction to Cloud
2019-11-11 • Updated
Technical levels: support – 1.1850, 1.1815; resistance – 1.1920, 1.1960.
- Buy — 1.1850; SL — 1.1830; TP1 — 1.1920; TP2 – 1.1960.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, narrowing channel of Tenkan-Kijun; the prices are breaking down the support of Kijun-sen and going to Cloud.
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This article will analyze the possible scenarios for the EU, and what's more important, look at the charts. There is a lot to see, let's go!
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