Technical analysis of EUR/USD 12/11/2019

EUR/USD currency pair is currently trading at the level of 1.1100 and is located at the upper border of the downward channel on the 1D timeframe.

The current dynamics of quotes are given reason to assume a continued decline and development of the projection within the channel with a target 1.0800.

The cancellation of the reduction option will be the growth of quotes above the resistance zone of 1.1170 – 1.1200. It will be the breakdown of the upper boundary of the downward channel and MA200 on the 1D timeframe, as well as a possible change in the trend and the growth of quotes above 1.1400.

EURUSD_STPDaily

Created by Joshua Hayn

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