4h
The EUR / USD currency pair consolidated above the correctional Fibo level of 100.0% - 1.1303. Thus, on November 16, the growth process can be continued in the direction of the next correction level of 76.4% - 1.1423. There is no maturing divergence in any indicator. Fixing quotes under the Fibo level of 100.0% will allow traders to expect a resumption of the fall in the direction of the correction level of 127.2% - 1.1162.The Fibo grid is built on extremes from August 15, 2018, and September 24, 2018.Daily
On the 24-hour chart, the EUR / USD currency pair also made a U-turn in favor of the euro and consolidation above the correction level of 100.0% - 1.1285. As a result, the growth process is expected in the direction of the correction level of 100.0% - 1.1553. There are no ripening divergences on the current chart. Fixing the rate of the pair below the Fibo level of 127.2% can be interpreted as a reversal in favor of the EU currency and expect a slight decline in the direction of the correction level of 161.8% - 1.0941.The Fibo grid is built on extremums from November 7, 2017, and February 16, 2018.Recommendations to traders:Purchases of the EUR / USD currency pair can be made now with a target of 1.1423 and a Stop Loss order below the Fibo level of 100.0% since the pair completed the closing above the 1.1303 level.Selling of the EUR / USD currency pair will be possible with the target of 1.1162 with a Stop Loss order above the Fibo level of 100.0% if the pair closes below the correction level of 1.1303.
