23 ноября 2018, EUR/USD
Technical observation
EUR/USD is still rallying on a bullish momentum towards 1.1528 and as long as price remains below this level bearish momentum is expected towards 1.1216.Right now my expectation is a correction to the key level 1.1528 and a bounce at it for possible downwards movement of EUR towards 1.1216 and a possible breakout below it for a further decline in price. Should there be a clear break above 1.1528 with a big green candle, then that would be the best place to buy EUR after a second retracement to the just broken line with your ideal target at 1.1848.Right I’m looking to sell EUR at 1.1528 with my take profit at 1.1216 and stop loss at 1.1641.
Trade recommendation
Sell EUR at 1.1528 with your take profit at 1.1216 and stop loss at 1.1641.
Do you know against which currencies EUR is the most profitable?
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