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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 21, 2018

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Recently, the EUR/USD pair has been trading sideways at the price of 1.1393. According to the H1 time – frame, I found that upward correction is in progress, which is a sign that buying looks risky. My advice is to watch for a potential breakout of the bearish flag to confirm further downward continuation. The downward target is set at the price of 1.1300.

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