EURUSD ForecastEURUSD Technical AnalysisForecastsTechnical Analysis

EURUSD Forecast and Technical Overview Nov 15th : Selling Zone on the target

EURUSD Forecast and Technical Overview Nov 15th

Fundamentals:
* US treasury yields are flatlined despite strong hawkish comments from Powell.
** Big disappointment from Germany, as economic growth contracted for the first time since 2015.
***US October inflation increased by the most in nine months, with the core CPI up by 0.3% MoM and by 2.5% YoY
**** Italy stuck to its 2019 budget with a 2.4% deficit target and a growth forecast of 1.5%
***** Brexit hopes help Euro’s recovery.

US Retail Sales is in focus.

Technically:

EURUSD is under a strong bearish pressure. It is trading above EMA 50 and headed north.

1.13520 is the key resistance and break above will lead the price 1.14000 – 1.14300 region.

The short term recovery is like to end at 1.14000 – 1.14300 region. – Ichimoku Cloud & Trendline resistance.

 

You Can Check Our Results at Verified Accounts

Subscribe to our services free of charge

 SUBSCRIBE FREE

Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.

Chaetreaderpro.com
Forex Signals

JOIN OUR TRADING FLOOR

 

 

If you find our content useful, you can donate via PayPal.

Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

You can contact us via Skype User Name: Chartreaderpro

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

EURUSD Forecast: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Close

Adblock Detected

Please consider supporting us by disabling your ad blocker