empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

13.11.201917:13 Forex Analysis & Reviews: EUR/USD for November 13,2019 - Daily Ichimoku analysis

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EUR/USD got rejection of the main support at the price of 1.1000. which is sign that selling looks very risky at this stage. My advice is to watch for potential buying opportunities as long as the support at 1.1000 is holding.

Ichimoku Indicator analysis:

Exchange Rates 13.11.2019 analysis

Based on the daily time-frame, I found that EUR is trading inside of the Ichimoku cloud, which is indication that EUR is in neutral phase. Anyway, the Ichimoku cloud is still bullish and the Tenkan-sen is trading above the Kijun-sen, which is another indication that bulls are still present. Watch for buying opportunities and potential test of 1.1067.

Petar Jacimovic
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off