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Wednesday, November 14, 2018

EURUSD trend updated on 14-Nov-2018





EURUSD trend updated on 14-Nov-2018

Reports of agreement between the UK government and EU on a border deal may push EURUSD more rally to its key resistance at S1=1.1356 or S2=1.1430. At the first resitance, 5-0 pattern confirms market pullback to Fibonacci retracement 61.8% if there are no news happens to push the price higher
For the down side we may see 1.1252 before market confirm buying signal again at 1.1250 at Fibonacci 76.8%

Conclusion and Recommendation

Buy EURUSD @ 1.1273
SL…………………...1.1210
TP………………….1.1350

Sell EURUSD @ 1.1356
SL……………………1.1470
TP…………………..1.1272


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