EUR/USD Daily view - November 30 2018
The Euro continues to depreciate overall with a modest Correction after FMOC - as expected and remains firmly within it descending channel. One should note that bearish momentum as slowed at 1.1330 which is a intraday significant level which established itself back in August 2018.
Key Resistance on the Euro/Dollar 1.1412 and 1.1378 which bears will defend. Short term Targets for Bears are 1.1290 and short term term 1.1220. If Bulls can defend 1.1340 then they may have a shot for a re-test of 1.1500 handle
The Euro continues to depreciate overall with a modest Correction after FMOC - as expected and remains firmly within it descending channel. One should note that bearish momentum as slowed at 1.1330 which is a intraday significant level which established itself back in August 2018.
Key Resistance on the Euro/Dollar 1.1412 and 1.1378 which bears will defend. Short term Targets for Bears are 1.1290 and short term term 1.1220. If Bulls can defend 1.1340 then they may have a shot for a re-test of 1.1500 handle
Trade closed: target reached