EUR/USD analysis for November 07, 2018


Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1500. According to the H4 time – frame, I found that price made a breakout of the supply trendline in the background, which is a sign that buyers are in control. I have also found that price rejected from the support cluster at 1.1456, which is another sign of the strength. My advice is to watch for buying opportunities. The upward targets are set at the price of 1.1543 and at the price of 1.1615.

The material has been provided by InstaForex Company -