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    Technical analysis for the EUR/USD – 20.11.2015

    Bulls attempted to push the price higher, as expected, reached level 1.0750, mentioned earlier as the target on the way up, and are now pulling back down. Trading is carried out at around 1.0690/1.0700s. The indicators are unclear – R% and MACD are turning down, SS escaped from the oversold territory. Such picture may indicate the possibility of future growth, although at the moment further consolidation within the range of 1.0660/1.0750 is more likely. If bears manage to push the price below 1.0660 support and hold there, we’ll be expecting the price to reach new local lows. Medium-term bearish potential preserves, the next targets on the way down will be situated at 1.0500/1.0460.

    EUR201115

    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!

    Bulls attempted to push the price higher, as expected, reached level 1.0750, mentioned earlier as the target on the way up, and are now pulling back down. Trading is carried out at around 1.0690/1.0700s. The indicators are unclear – R% and MACD are turning down, SS escaped from the oversold territory. Such picture may indicate the possibility of future growth, although at the moment further consolidation within the range of 1.0660/1.0750 is more likely. If bears manage to push the price below 1.0660 support and hold there, we’ll be expecting the price to reach new local lows. Medium-term bearish potential preserves, the next targets on the way down will be situated at 1.0500/1.0460.

    EUR201115

    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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