FX.co ★ Diary of a trader 11/20/2019 EURUSD

As you can see from the chart above, the situation has not changed in general for the third day - the EURUSD rate is consolidating under the resistance of 1.1080 - despite a slight decrease on Wednesday, while an attempt to go higher seems more likely.

The reason for the stagnation is an incomprehensible situation in the market as a whole. The US market has reached new highs - historic ones, and it is increasingly difficult to stay at these heights. Savvy investors are sitting in money/bonds - and are waiting for a good downward correction. However, other experienced ones - large funds - want to show beautiful numbers in the reports at the end of the year - and continue to drive the market up. A difficult situation.

As I said earlier, it is quite possible that you will have to wait until December 11-12 for a strong movement/trend.

Current situation: EURUSD.

We buy at the breakout of 1.1080.

We sell from 1.0985.