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EUR / USD pair for the 13th of November. Trading system "Regression Channels". Teresa May - One Warrior in the Field

4 hour timeframe

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Technical details:

Senior linear regression channel: direction - down.

The younger linear regression channel: direction - down.

Moving average (20; smoothed) - down.

CCI: -119.6406

On the Tuesday, November 13, the EUR / USD currency pair has been completed on the level of "0/8". Both the European currency and the Sterling pound are under pressure from the market. The rate may not increase again. The US economy has been reeling in recent years. Similarly, the context is the same with Brexit. Yesterday, it would be a second referendum. In his opinion, it would be disadvantageous for both parties. Joe Johnson resigned from the block. 4 more ministers may leave their posts. Once again, they are nearing their final. It's true that it's still a matter of course? It's still a lot of unresolved issues. From a technical point of view, everything is much simpler. The Heiken Ashi indicator is pointing down as well as all trend indicators. Purple-colored 1-2 bars upward correction. It's still a matter of course? It's still a lot of unresolved issues. From a technical point of view, everything is much simpler. The Heiken Ashi indicator is pointing down as well as all trend indicators. Purple-colored 1-2 bars upward correction. It's still a matter of course? It's still a lot of unresolved issues. From a technical point of view, everything is much simpler. The Heiken Ashi indicator is pointing down as well as all trend indicators. Purple-colored 1-2 bars upward correction.

Nearest support levels:

S1 - 1.1230

S2 - 1.1169

S3 - 1.1108

Nearest resistance levels:

R1-1292

R2 - 1.1353

R3 - 1.1414

Trading recommendations:

The EUR / USD currency pair has completed the level of 1.1230. A reversal of the Heiken Ashi indicator to the top will serve as a signal to manually reduce short positions. Otherwise, the shorts will remain relevant to the goal of 1.1169.

It is recommended to open buy positions not earlier than traders removing moving averages (MA). However, the position of the bulls remain extremely weak and there are still few fundamental reasons for the growth of the euro.

In addition to the technical picture, you should also consider the fundamental data and the time of their release.

Explanations for illustrations:

The higher linear regression channel is the blue lines of unidirectional movement.

The lower linear regression channel is the purple lines of unidirectional movement.

CCI - blue line in the indicator window.

The moving average (20; smoothed) is the blue line on the price chart.

Murray levels - multi-colored horizontal stripes.

Heiken Ashi is an indicator that colors bars in blue or purple.

The material has been provided by InstaForex Company - www.instaforex.com