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KaltoireCapital
Nov 2, 2020 6:59 AM

EUR/USD Price Outlook| Pullback possible but buying is risky 

Euro Fx/U.S. DollarFXCM

Description

Dear friends, in my previous EUR/USD idea I advised you to sell at 1.1860
and target 1.1670 as TP ( previous idea attached below).
If you followed it, you have made more than 200 pips profit.

Currently, EUR/USD is at a critical area. It is at the 100-day EMA level.
Besides, 1.1620 can also offer some amount of support.
So, it is possible to see a small pullback to the upside.
That being said, I won't advise to buy big at this stage. My preferred
approach is to sell the rallies in EUR/USD if it reaches the resistance level.
Comments
Kendy_Sneaker
If I want to short, where do we get in
Kendy_Sneaker
where is the resistance level
VasilyTrader
Very helpful! Thanks a lot!
What do you think about my analysis:
PolarHusk
Retest important support 🐻‍❄️🙏😊😃
lmulhare
Possible volatility due to the pandemic, US elections, Brexit & major economic calendar events add to the risk this week. Thanks for sharing :)
Fisher_Fx
let's see if the buying pressure is there.
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