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FX.co ★ EUR/USD analysis for November 21, 2018

EUR/USD analysis for November 21, 2018

EUR/USD analysis for November 21, 2018

Recently, the EUR/USD pair has been trading sideways at the price of 1.1393. According to the H1 time – frame, I found that upward correction is in progress, which is a sign that buying looks risky. My advice is to watch for a potential breakout of the bearish flag to confirm further downward continuation. The downward target is set at the price of 1.1300.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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