EUR/USD: the Bears looks strong

EUR/USD: the Bears looks strong

2019-11-11 • Updated

Technical levels: support – 1.1300; resistance – 1.1380.

Trade recommendations:

  1. Sell — 1.1350/60; SL — 1.1380; TP1 — 1.1300; TP2 — 1.1270.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market returned to lows of the last week and may go lower.

01-eurusdh4.png

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