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    Technical analysis for the EUR/USD – 18.11.2015

    The price failed to hold below 1.0660/50 support. The barrier was reinforced by the earlier breached descending trend line (red lines), which pushed the price up – trading is currently carried out around 1.0680/90. Some indicators are turning up, which may be a signal for further growth into the range of strong resistance at 1.0750-1.0720. SS is still oversold, which gives reasons to consider current growth as correction within the dominating bearish trend. Growth above 1.0750 may turn into the test of 1.0820 mark, which has recently acted as the key barrier on the way down. Medium-term downside potential preserves. If price breaks and holds below 1.0660/50, it’ll then proceed to the next targets at 1.0500/1.0460.

    EUR181115

    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 price failed to hold below 1.0660/50 support. The barrier was reinforced by the earlier breached descending trend line (red lines), which pushed the price up – trading is currently carried out around 1.0680/90. Some indicators are turning up, which may be a signal for further growth into the range of strong resistance at 1.0750-1.0720. SS is still oversold, which gives reasons to consider current growth as correction within the dominating bearish trend. Growth above 1.0750 may turn into the test of 1.0820 mark, which has recently acted as the key barrier on the way down. Medium-term downside potential preserves. If price breaks and holds below 1.0660/50, it’ll then proceed to the next targets at 1.0500/1.0460.

    EUR181115

    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!


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