InstaForex - Analytics


    736.75 6.25/10
    62% of positive reviews

    Technical analysis of EUR/USD for November 04 2015

    Show full picture

    Technical outlook and chart setups:

    The EUR/USD pair is seen to be trying to test the 1.0900 levels again. The pair is trading around 1.0925/30 for now, and a bullish reversal here should be expected soon. Please note that the pair could correct through the 1.1270 levels before reversing lower. The structure could still be a corrective rally though. It is hence recommended to initiate long positions with risk below 1.0900. Immediate support is seen at the 1.0900 levels (interim), followed by 1.0800 and lower, while resistance is seen at the 1.1100 levels, follower by 1.1375 and higher.

    Trading recommendations:

    Remain long now, stop is at 1.0870, target is open.

    Good luck!

    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