EURUSD TECHNICAL UPDATED ON 15-NOV-2018
EURUSD continue to rally on Brexit optimism after British Prime Minister Theresa May gained cabinet support for a Brexit deal. U.S. equities were also pressured by lingering concerns that earnings growth might be peaking, intensifying trade tensions and a slowing global economy.
According to technical point of view, we may see R1= 1.1356
then market may take a break before it continues its prior trend to R2=1.1430.
For the downside, when market tests R1, market may turn back to its support
S1=1.1301 before to turn up again or continue to S2=1.1251.
CONCLUSION AND RECOMMENDATIONS
Buy EURUSD @ 1.1316
SL…………….....1.1240
TP……………….1.1420
Sell EURUSD @ 1.1356
SL………………1.1370
TP………………1.1260
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