Hey folks, it’s a wrap to yet another month in the 2023 calendar, and I’m guessing you know what that means - time for another episode in the “What To Trade” series. For December, I will be mapping out trade more cautiously as the market volatility often drops
EUR/USD: will the euro fall?
2019-11-11 • Updated
BUY 1.1845 SL 1.179
TP1 1.1945 TP2 1.2
TP 1.1625 TP2 1.155
On the daily chart, EUR/USD keeps forming “Spike and ledge” pattern on the basis of 1-2-3. The break of resistance at 1.1845 will increase the odds of the uptrend’s resumption. On the other hand, successful test of support at 1.1655 will open the way for a correction towards the lower border of the uptrend channel.
On H1 EUR/USD keeps consolidating within the “Widening wedge”. Return of the pair towards 38.2% and 23.6% of the wave 4-5 creates a condition for correction.
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