EUR/USD Daily view - November 30 2018
Updated
EUR/USD Daily view - November 30 2018
The Euro continues to depreciate overall with a modest Correction after FMOC - as expected and remains firmly within it descending channel. One should note that bearish momentum as slowed at 1.1330 which is a intraday significant level which established itself back in August 2018.
Key Resistance on the Euro/Dollar 1.1412 and 1.1378 which bears will defend. Short term Targets for Bears are 1.1290 and short term term 1.1220. If Bulls can defend 1.1340 then they may have a shot for a re-test of 1.1500 handle
The Euro continues to depreciate overall with a modest Correction after FMOC - as expected and remains firmly within it descending channel. One should note that bearish momentum as slowed at 1.1330 which is a intraday significant level which established itself back in August 2018.
Key Resistance on the Euro/Dollar 1.1412 and 1.1378 which bears will defend. Short term Targets for Bears are 1.1290 and short term term 1.1220. If Bulls can defend 1.1340 then they may have a shot for a re-test of 1.1500 handle
Trade closed: target reached
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.