Technical analysis for EUR/USD for November 20, 2018
November 20, 2018 10:25 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 19-22, 2024: sell below $2,395 (+2/8 Murray – overbought) April 19, 2024
- USD/JPY: Simple Trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- EUR/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: trading plan for the US session on April 19th (analysis of morning deals). The pound is trying to regain its advantage April 19, 2024
- EUR/USD: trading plan for the US session on April 19th (analysis of morning deals). The euro compensated for the losses April 19, 2024
- Storm in a teacup: EUR/USD analysis April 19, 2024
- Video market update for April 19, 2024 April 19, 2024
- Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond June – Preview April 19, 2024
- Technical Analysis – NZDUSD falls to fresh 5-month low April 19, 2024
- EUR/USD. April 19th. Bostic, Fed: the rate cut will happen at the end of the year April 19, 2024
- Forecast for GBP/USD pair on April 19, 2024 April 19, 2024
- Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
EUR/USD is in a bullish short-term trend since bottoming around 1.1215. Our first target of 1.13 was reached and our next target of 1.1450-1.15 is also accomplished. There are no bearish divergence signs in short time frames but bulls should be very cautious from now on.
Yellow rectangle – resistance
Blue rectangle – short-term support
Green rectangle – trend support
Green line – trend line support
EUR/USD is approaching its last high. This is resistance area. Support is at 1.14-1.1390. If broken we would have the first weakness sign. If this happens we would most probably have a break of the green RSI trend line. We are very close to breaking it. Price of the RSI is marginally holding above it. So bulls need to be very careful as the RSI is reaching overbought levels. A break below the green rectangle area will confirm that we are in a new downward leg towards 1.1050. Breaking above 1.15 area would be a bullish sign but price should not be chased by bulls at current levels.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: