FX.co - Burning forecast 20.11.2018

2018-11-20T06:15:13

Long-term review

EURUSD: Waiting for retracement.

The euro showed five consecutive days of strong growth: suggests at least a one day stop.

There are daily order levels both up and down.

We are ready to buy at a breakthrough of 1.1500 up.

It would be more interesting to see a strong pullback and - buy from a pullback - or enter with a breakthrough of a new level below 1.1500.

Alternative: sell from 1.1214.

Burning forecast 20.11.2018

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

Analytical expert

Dean Leo

FX.co ★ Burning forecast 20.11.2018