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FX.co ★ EUR/USD for November 13,2019 - Daily Ichimoku analysis

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Forex Analysis:::2019-11-13T15:13:07

EUR/USD for November 13,2019 - Daily Ichimoku analysis

EUR/USD got rejection of the main support at the price of 1.1000. which is sign that selling looks very risky at this stage. My advice is to watch for potential buying opportunities as long as the support at 1.1000 is holding.

Ichimoku Indicator analysis:

EUR/USD for November 13,2019 - Daily Ichimoku analysis

Based on the daily time-frame, I found that EUR is trading inside of the Ichimoku cloud, which is indication that EUR is in neutral phase. Anyway, the Ichimoku cloud is still bullish and the Tenkan-sen is trading above the Kijun-sen, which is another indication that bulls are still present. Watch for buying opportunities and potential test of 1.1067.

Analyst InstaForex
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