EURO - US Dollar Analysis on the daily chart 11.26.2018
EURO - US Dollar Analysis on the daily chart 11.26.2018
Downtrend, Candles are below EMA200 ( Long Term Moving Average)
Prices created a Lower Highs and Lower lows
Price is respecting EMA50 ( Medium moving Average)
Price is sitting n a support zone, Bearing engulfing candle on 11.23
Impulse Candles are generally larger than the pullbacks
Candle direction of impulse is stiff
HTF - Weekly TF shows that the price is sitting on a support zone. Downtrend
Stochastic reverse momentum, now on the downside.
Recommendation: SELL @ 1.13536
SL @1.1544 previous swing high
TP - 1.0595 Weekly Major Support
Risk-Reward Ratio: 1:4
Downtrend, Candles are below EMA200 ( Long Term Moving Average)
Prices created a Lower Highs and Lower lows
Price is respecting EMA50 ( Medium moving Average)
Price is sitting n a support zone, Bearing engulfing candle on 11.23
Impulse Candles are generally larger than the pullbacks
Candle direction of impulse is stiff
HTF - Weekly TF shows that the price is sitting on a support zone. Downtrend
Stochastic reverse momentum, now on the downside.
Recommendation: SELL @ 1.13536
SL @1.1544 previous swing high
TP - 1.0595 Weekly Major Support
Risk-Reward Ratio: 1:4
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