EUR/USD is at the key support

EUR/USD is at the key support

2019-11-11 • Updated

Trade ideas

BUY 1.1335; TP1 1.1360; TP2 1.14; SL 1.1320

SELL 1.1300; TP1 1.1270; TP2 1.1230; SL 1.1315

EUR/USD is still supported by the 200-week MA at 1.1310. The pair came to the support line connecting November lows for the third time. There’s an opportunity that the line will provide support for the third time and the euro once again tests the resistance line.

At the same time, daily candlesticks are big and bearish and have longer upper wicks. The selling pressure may intensify and finally pull the pair below the support. The previous lows will be targets in this case.

EURUSD.png

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