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FX.co ★ November 19, 2020 : EUR/USD daily technical review and trade recommendations.

November 19, 2020 : EUR/USD daily technical review and trade recommendations.

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Recently, Two opportunities for SELL Entries were offered upon the recent upside movement towards 1.1880-1.1900. All target levels were achieved.

Evident signs of bullish reversal were demonstrated around the recent price levels of 1.1600.

Shortly after, the EUR/USD pair has demonstrated a significant BUYING Pattern after the recent upside breakout above the depicted price zone (1.1750-1.1780) was achieved.

As mentioned in the previous article, the pair has targeted the price levels around 1.1920 which exerted considerable bearish pressure bringing the pair back towards 1.1800 which constituted a prominent KEY-Zone for the EUR/USD pair.

Recently, the price zone around 1.1840 was mentioned as a prominent KeyZone to be watched for Price Action.

The current bearish closure below which will probably trigger a quick bearish decline initially towards 1.1750.

Trade Recommendations :-

Currently, the price zone around 1.1840 stand as significant Resistance-Zone to offer a high probability SELL Entry. Exit level should be placed above 1.1860.

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