EUR/USD: "Window" acted as support

EUR/USD: "Window" acted as support

2019-11-11 • Updated

2311eurusdH4.png

The 34 & 55 Moving Averages have acted as support, so the price is rising, cause there's still no any reversal pattern so far. In this case, the pair is likely going to test the nearest resistance area, which could be a departure point for a decline.

2311eurusdH1.png

There's no any bearish pattern so far. Also, the nearest "Window" has acted as support. Therefore, the market is likely going to continue moving up until any reversal candle model forms.

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The views here are solely based on Technical Analysis techniques using my personal Smart Money approach. Hence, it is important to understand that the trading of CFDs comes at a risk; if not properly managed, you may lose all of your trading capital. To avoid costly mistakes while you look to trade these opportunities, be sure to do your own due diligence and manage your risk appropriately.

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