Forex4you - Analytics

    Forex4you

    565.50 6.50/10
    60% of positive reviews
    Real

    Technical analysis for the EUR/USD – 17.11.2015

    The pair recommenced its decline, as expected. The price is currently attempting to hold below 1.0660/50 support, which held back the bears last week. Trading is carried out at around 1.0640/45s. Indicators are unanimous in their readings, suggesting dominating bearish moods. Therefore, we expect the price to hold below 1.0660/50 mark and fall lower to the next targets at  1.0500/1.0460. To make sure that these assumptions are correct, we have to wait till the pair retraces back to the descending channel (red lines). Rebound from the trend line, where the price is now oscillating will be considered as the bullish signal.

    EUR171115

     

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers. Thank you!

    The pair recommenced its decline, as expected. The price is currently attempting to hold below 1.0660/50 support, which held back the bears last week. Trading is carried out at around 1.0640/45s. Indicators are unanimous in their readings, suggesting dominating bearish moods. Therefore, we expect the price to hold below 1.0660/50 mark and fall lower to the next targets at  1.0500/1.0460. To make sure that these assumptions are correct, we have to wait till the pair retraces back to the descending channel (red lines). Rebound from the trend line, where the price is now oscillating will be considered as the bullish signal.

    EUR171115

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers. Thank you!


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree