EURUSD november 28th 2018 technical analysis
The euro weakened against the US dollar yesterday, and was the third positive day on the EURUSD. The intensification of tensions has pushed the euro. It is said that the United States is seeking to impose a 25 percent tariff on imports of European cars, which will probably be applied from next week.
On the EURUSD weekly chart, we can expect the EURUSD to fall to 11,1212-1,212. The EURUSD daily chart has recently fallen below the support of $ 1,1301 (current resistance), and the EURUSD’s downtrend has fallen to the daily demand level of 1,1220-1.1,171. This daily demand area is clinging to the weekly demand zone.
On the EURUSD chart of the four-hour chart, the market recently fell below the refresh rate of November at 1313 and the Rand rate fell to $ 13.13. Although this downside is a sales signal, it should be noted that the pattern of the three wave is being completed, which conforms to the channel formed on the floor of 1358.
Price action strategy
If we only consider the EURUSD chart of the four-hour chart, the above support may limit EURUSD downside movements. However, the EURUSD gap with a resistance of $ 1.13 and a rebound in November is low, and both weekly and daily EURUSD currencies continue to show signs of a downtrend. Accordingly, it can be said that the trend of EURUSD price movements is downside. With the EURUSD collapse in the range of 1,1314-1. 1,300 and the full 4-hour downturn curve, a EURUSD deal can be entered. The first profit margin of EURSUD is at the top end of the demand zone at 1.220.