empty
27.11.2023 04:02 PM
Trading Signals for EUR/USD for November 27-28, 2023: sell below 1.0955 (21 SMA - double top)

This image is no longer relevant

Early in the American session, the EUR/USD pair is trading at 1.0944, above the 21 SMA, and above the 1/8 Murray located at 1.0864.

EUR/USD has formed a double-top pattern around the area of 1.0960 and is showing signs of exhaustion. This pattern could be confirmed if the Euro breaks the uptrend channel formed on H1 charts and falls below 1.0913. Then, we could expect a technical correction to occur towards the bottom of the uptrend channel formed since early November.

On the other hand, in case the euro continues to rise, it should face the +2/8 Murray at 1.0986. If this level is surpassed, the instrument could reach the psychological level of 1.10.

On the contrary, if the euro breaks the uptrend channel and trades below 1.0850, we could expect a change in the trend and EUR/USD could reach the 200 EMA at 1.0751 and could even fall towards the 7/8 Murray at 1.0620.

As long as the euro trades above the 21 SMA at 1.0913, it favors the bullish outlook, but the latest Japanese candlesticks on the H4 chart are showing indecision which could lead to a technical correction in the coming days. The eagle indicator is giving a negative signal which could favor the opportunity to sell only if the Euro consolidates below 1.0955.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.