Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
EUR/USD remains strong in the bearish bias
2019-11-11 • Updated
EUR/USD found resistance around the Fibonacci zone of 38.2% at 1.1672 and now looks forward to reach new lows across the board. Next target is placed at the -23.6% at 1.1510, at which bulls could gather some momentum in order to correct the decline. To the upside, nearest resistance lies at the 200 SMA and if it manages to break above it, next target should be November 3rd highs.
RSI indicator remains in the neutral territory.
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Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...