EUR/USD: Under Pressure Aiming at 1.1200 - 1.1180

Published on Monday, 12 November 2018 12:28 ,by  www.fxgrow.com


EUR/USD : Intraday 
bearish , daily bearish 

RSI and MACD are has broke trend line indicating further downside action. 

Potential for 1.1200 testing 61.8% of major bull cycle. 

Allowing market volatility and reaching falling wedge test at 1.1180 considering U.S Index strong performance. 

U.S Index as a swing target at 98.00 , which could be an indication that EUR/USD should start correction after reaching 1.1100 - 1.1180 

Recommendation: 

Entry levels: 1.1300 - 1.1320 

Invalidation: 1.1360 - 1.1420 bullish confirmation level. 

Take profit: 1.1280 . 1.1250 . 1.1220 , 1.1200 - 1.1180 - 1.1120
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