EUR/USD analysis for November 23, 2018


Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1364. According to the H1 time – frame, I have found the breakout of the upward trendline and a double top formation in the background, which is a ign that sellers are in control. The price also rejected from the upper Keltner band (resistance), which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.1323 and at the price of 1.1255.

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