EURUSD Technical Analysis For 11th November 2015

11 November 2015, EUR/USD

EURUSD Technical Analysis For 11th November 2015
Technical View:
EUR/USD is currently trading with a bearish bias. Even after crossing a major support level 1.08676, the pair is still reluctant to continue short. We expect the current upward corrective move to continue but only up to 1.0789, or even up to 1.08218. Traders trading this pair should also observe other positively correlated pairs such as EUR/HKD and EUR/CAD for similar chart movements. Only buy or sell Eur if all the other positively correlated pairs are giving the same signal.

Trade Recommendation:

Sell from 1.08218, but with stop loss just above1.08713

Graham Osano
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