Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

EUR/USD analysis for November 05, 2018

November 5, 2018 Analytics

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Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1367. According to the H1 time – frame, I have found the potential end of the upward correction (expanded flat abc) in the background, which is a sign that buying looks risky. Most recently. I found the breakout of the intraday symmetrical triangle, which is a sign of weakness. My advice is to watch for selling opportunities. The downward target is set a the price of 1.1303.

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

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