empty
 
 
01.11.2019 03:56 PM
EUR/USD for November 01,2019 - Weekly analysis for EUR

EUR price is still trading inside of the 2- week trading range between the price of 1.1176 (top of the range) and 1.1073 (bottom of the range).Most recently, EUR did test and reject of the resistance at 1.1176.

This image is no longer relevant

Horizontal lines – Important pivot levels

Last week left us almost inside week relative to 2-weeks ago and seems like this week will close inside of the previous week range. This is signal that market is waiting for new information from outside and that EUR is in the contracting regime.

For the buying opportunities you can watch potential breakout of the 1.1180 to confirm test of 1.1229.

For the selling opportunities you can watch potential rejection of the resistance and test of bracket low at 1.1073.

Middle Bollinger line is set at 1.1133

Trading recommendation:

Watch for potential breakout or rejection of the multi-week bracketing zone to confirm further direction.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback