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 is not in the best conition
2019-11-11 • Updated
SELL 1.1255; TP 1.1215; SL 1.1265
The market has shown that EUR/USD remains a sell on its attempts to recover. The pair is currently correcting up after yesterday’s selloff which was caused by the weak European PMI and strong US retail sales. There are two areas at which bears will likely resume selling: 1.1255 and 1.1280. We’ll pick the lower one for the trade but you can monitor the market and enter higher if possible. Downside targets are at 1.1215 and 1.1200.
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
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