Sell EUR/USD at 1.1454 | 30 November 2018
30 November 2018, EUR/USD
Technical observation
EUR is correcting to a key level 1.1454 and I expect nothing but a bounce at it followed by possible bearish momentum towards 1.1214 and a breakout below it for a further decline in price. Currently I am neutral and waiting for the rejection at the level 1.1214 to re-sell this pair with my take profit at 1.1214 and stop loss at 1.1576, continue short with EUR after a breakout below 1.1214 and a correction to it. Should there be a clear penetration above 1.1454, then bullish price rally will be anticipated towards the resistance zone 1.1840-1.1799.You can only long this pair on the second retracement to the just broken key level.
Trade recommendation
Sell EUR/USD at 1.1454 with your take profit at 1.1214 and stop loss at 1.1576.
Be the first to get $5 for participation in the webinar 8.30 GMT!
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.
