Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
EUR/USD has obstacles on the upside
2019-11-11 • Updated
SELL at 1.1410; TP1 1.1385; TP2 1.1360; TP3 1.1315; SL 1.1440
EUR/USD is once again testing the October resistance line, upper daily Bollinger band, and the daily Ichimoku Cloud. Yesterday it formed a candlestick with a big upper wick, which indicates that there’s selling pressure near 1.1440.
On H4, all moving averages are horizontal, indicating a sideways market. It means that the pair will likely return at least to the middle of its recent range.
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