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FX.co ★ EUR/USD analysis for November 29, 2018

EUR/USD analysis for November 29, 2018

EUR/USD analysis for November 29, 2018

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1397. Anyway, according to the M30 time – frame, I have found a fake breakout of yesterday's high at the price of 1.1387, which is a sign that buying looks risky. I have also found LCD (low close doji) pattern, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.1340 (daily pivot) and at the price of 1.1293 (daily support 1).

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