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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/USD analysis for November 08, 2018

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Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1413. According to the H4 time – frame, I have found the breakout of the upward trendline and the potential end of the upward correction (abc flat), which is a sign that buying looks risky. I also found the rejection from the supply trendline in the background, which is another sign of weakness. My advice is to watch for selling opportunities. The downward target is set at the price of 1.1300.

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