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Business / Finance

The analysis of Murray levels - EUR/USD: go to update at least

FreshForex news RSS 12.11.2018 at 06:01

News Forex from FreshForex

EURUSD - Up

the four-hour EUR/USD chart. The downward movement continues. On Friday, the currency pair pushed through the level of 1.1353 (2/8) and entrenched under it continued to decline in the direction of turning of the level of 1.1292 (1/8) on which you can rely on the development of a deeper corrective movement. So today the priority remains the sale. The entry point is to look near the line of the four-Supertrend, which plays now the role of the resistance. Cancelled this scenario will be only in case of fixation of a currency pair above the line day Supertrend.

Trading decision: held-sell 1.1475 take profit 1.1292

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