28 ноября 2018, EUR/USD
Technical observation
On the hourly chart above price is rallying on a downward trend. After a rejection within the resistance zone 1.1373-1.1366, EUR has been declining towards the support 1.1269. My expectation is either a clear penetration below it or a bounce at it followed by a correction to 1.1373-1.1366.In case of a clear break below the level, wait for a pullback to it confirming bearish momentum of price before you sell this pair, and should there be a rejection at it, wait for a correction to 1.1373-1.1366 and a bounce within it to re-sell EUR.As long price is contained below 1.1373-1.1366 this pair is likely to decline towards the supportive level 1.1216.
Trade recommendation
Remain flat temporarily.
Do you know against which currencies EUR is the most profitable?
More trading assets here...
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 