Between inflation, rate hikes, and war: what's next for EUR/USD?
Dovish ECB and hawkish Fed paint a bearish outlook for the EUR/USD. Is declining to 1.0770 the next stop?
EUR/USD: the Bulls got a strength
2019-11-11 • Updated
Technical levels: support – 1.1440; resistance – 1.1600.
Trade recommendations:
- Sell — 1.1570/80; SL — 1.1600; TP1 — 1.1510; TP2 – 1.1440.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are growing up in positive area now but there is a string daily resistance.
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