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FX.co ★ EUR/USD analysis for November 20, 2018

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Forex Analysis:::2018-11-20T11:09:08

EUR/USD analysis for November 20, 2018

EUR/USD analysis for November 20, 2018

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1471. Anyway, according to the H4 time – frame, I found the potential reversal zone around the level of 1.1465. I found the up-thrust (reversal bar) and price failed to test the resistance at 1.1500, which is a sign of weakness. The upward channel is active and my advice is to watch for a breakout of the upward channel to confirm a further downward movement. The downward target is set at the price of 1.1220,

Analyst InstaForex
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