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    Technical analysis for the EUR/USD – 19.11.2015

    Bearish attempts to hold below 1.0660/50 failed. Purchases at 1.0620/10 push the trades back up. The pair is now traded at 1.0680/90. Indicators remain unchanged – R% and MACD are turned up (MACD is forming divergence), SS remains oversold. This gives reasons to consider current rebound as correction, which may extend to level 1.0750, and in case of its breakout – to resistance at 1.0820. Such turn of events won’t change dominating bearish moods in the market. If price breaks and holds below 1.0660/50 support, decline towards the next targets at 1.0500/1.0460 will resume.

    EUR191115

    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!

    Bearish attempts to hold below 1.0660/50 failed. Purchases at 1.0620/10 push the trades back up. The pair is now traded at 1.0680/90. Indicators remain unchanged – R% and MACD are turned up (MACD is forming divergence), SS remains oversold. This gives reasons to consider current rebound as correction, which may extend to level 1.0750, and in case of its breakout – to resistance at 1.0820. Such turn of events won’t change dominating bearish moods in the market. If price breaks and holds below 1.0660/50 support, decline towards the next targets at 1.0500/1.0460 will resume.

    EUR191115

    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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