EURUSD one step to confirm braking upwards Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Nov 19, 2018 2:38 PM

it is worth to pay attention to the dynamics of the dollar near 95.80 on DXY and the potential of EURUSD to continue its growth above 1.1400.
Confirmation for bullish reversal would be in the case of the pair growing above 1.1500 (previous highs). This could become signal for braking short-term downward impulse for the pair.

But In the longer run, there is not much bullish factors as more fundamental ones still matters. Read more about recent Powell's commentaries that puts pressure on the USD: fxpro.news/daily-forex-outlook/fxpro-powell-questioned-the-dollars-growth-trend-20181119/

Support and Resistance Trend Lines

Comments

Bitcoinomyst

⋅ Nov 20, 2018 3:39 AM

Forex traders please eye on that chart. It's important for you guys.
I am crypto trader.

BerkTurker79

⋅ Nov 19, 2018 4:14 PM

Thanks for the chart. Good idea.

Boon2

⋅ Nov 20, 2018 7:20 AM

EURUSD H4 Expanding Flat C up

Prend

⋅ Nov 19, 2018 4:12 PM

Thanks for the idea. I didn't see that. I will have an eye on that.

MrDiamondHands

⋅ Nov 21, 2018 7:01 PM

Bearish engulfing candle denied the breakout, stay short.