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05.12.201911:09 Forex Analysis & Reviews: Where to buy EUR/USD pair better?

Long-term review
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Good afternoon, dear traders! I present to you a trading idea for the EUR/USD pair

So, yesterday, as we expected, the EUR/USD pair broke the extreme on November 25 during the European session. However, a series of news came out in America that drove the pair to a point of initial growth. Thus, we have a V-shaped close of the day in America, but it's a classic pin bar on D1.

Nevertheless, the most interesting thing is that, Nkito has not touched the buyers' feet over the past 2.5 days. On D1, we see the so-called "double bottom" and pin bar. Therefore, buyers were trapped. On the one hand, Americans have been selling on the horizon for two days, and on the other, buyers are trapped below the level of 1.10642.

Exchange Rates 05.12.2019 analysis

This can be earned twice. All you need to do is to move quickly downwards to breakdown 1.10642 and after it false breakdown, take longs to 1.11800-1.2

One of these events can easily be implemented on Friday on unemployment in the United States.

Good luck in trading and see you at the next reviews!

Andrey Shevchenko
Analytical expert of InstaForex
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