EURO - US Dollar Analysis on the daily chart 11.26.2018
Downtrend, Candles are below EMA200 ( Long Term Moving Average)
Prices created a Lower Highs and Lower lows
Price is respecting EMA50 ( Medium moving Average)
Price is sitting n a support zone, Bearing engulfing candle on 11.23
Impulse Candles are generally larger than the pullbacks
Candle direction of impulse is stiff
HTF - Weekly TF shows that the price is sitting on a support zone. Downtrend
Stochastic reverse momentum, now on the downside.
Recommendation: SELL @ 1.13536
SL @1.1544 previous swing high
TP - 1.0595 Weekly Major Support
Risk-Reward Ratio: 1:4
Downtrend, Candles are below EMA200 ( Long Term Moving Average)
Prices created a Lower Highs and Lower lows
Price is respecting EMA50 ( Medium moving Average)
Price is sitting n a support zone, Bearing engulfing candle on 11.23
Impulse Candles are generally larger than the pullbacks
Candle direction of impulse is stiff
HTF - Weekly TF shows that the price is sitting on a support zone. Downtrend
Stochastic reverse momentum, now on the downside.
Recommendation: SELL @ 1.13536
SL @1.1544 previous swing high
TP - 1.0595 Weekly Major Support
Risk-Reward Ratio: 1:4
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.