EUR/USD will have a busy week

EUR/USD will have a busy week

2019-11-11 • Updated

Trade ideas

SELL 1.1110; TP 1.1050; TP 1.1125

BUY 1.1135; TP1 1.1150; TP2 1.1185; SL 1.1120

With the Federal Reserve’s meeting and the release of Nonfarm Payrolls, EUR/USD is going to have an active week. Last week, it turned down from the 100-day MA and closed below 1.11 on Friday. On Monday, we witness a recovery in the euro. However, sellers will likely re-emerge between 1.11 and 1.1117 (50-period MA on the H4). The downside targets lie at 1.1055 and 1.1035 (50-day MA). Only the rise above 1.1130 will open the way up to 1.1150 and then possibly 1.1185/1.1200.



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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!

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