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06.11.201811:22 Forex Analysis & Reviews: EUR/USD analysis for November 06, 2018

Long-term review

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Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1425. According to the H1 time – frame, I have found a potential end of the downward correction (expanded flat) in the background, which is a sign that selling looks risky. Most recently, I found the breakout of the intraday bullish flat, which is a sign that buyers are in control. My advice is to watch for buying opportunities. The upward take profit levels are set at the price of 1.1450 and at the price of 1.1503.

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