EUR/USD: euro approached the milestone

EUR/USD: euro approached the milestone

2019-11-11 • Updated

Recommendation:

BUY 1.1680

SL 1.1625

TP1 1.1775 TP2 1.18

On the daily chart, bulls are trying to counterattack and conquer resistance at 1.1670-1.1680. If they succeed, euro will manage to go to the area of trade channel’s intersection ($1.1775-$1.1800). On the other hand, return to support at 1.1595-1.1610 with the following successful will increase the odds of realization of 200% target of AB=CD.

EUR1.png  

On H1, a successful test of resistance at 1.1670-1.1680 will increase the odds of formation of the “Crab” pattern with targets at 78.6% and 88.6%.

EUR2.png

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