EURUSD Technical Analysis For 3rd November 2015 | 03 نوفمبر 2015

03 نوفمبر 2015, EUR/USD

Technical View:

EURUSD is currently trading with a bearish bias. The pair traded long for the better parts of Yesterday but could not close above a significant resistant level 1.10704, instead, the pair turned around from 1.10499 and is currently headed short. We will remain short in this pair as long as other positively correlated pairs such as EUR/HKD and EUR/GBP trades short. Our short positions will however be accompanied buy stops at 1.0975, and the next stop at 1.09432.

Trade Recommendations:

As long as the pair trades below 1.10179, short positions are recommended but with stops at 1.0975, and the next stop at 1.09432. Buy positions are only recommended above 1.1035.

Support levels: S3: 1.1005 S2: 1.1008 S1: 1.1012 Resistance Levels: R1: 1.1019 R2: 1.1022 R3: 1.1026

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.

يشارك

Facebook

Twitter

Bob Stan

FreshForex is a brand with a 20-year history, providing access to online trading for clients from 158 countries worldwide.
The company’s services are intended for adult users. If the use of these services violates local laws, you must immediately leave the website. The company does not provide services in the following countries.
Risk Warning: Trading financial instruments with leverage involves significant risks and may result in both profits and losses. Potential losses are limited to the amount of funds deposited. Before deciding to trade, clients should assess their risk tolerance, experience level, and knowledge.
We use cookies to improve your experience on our website.