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0.9331 euro

To be honest, there not much analysis provided. " A breach below...

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fasttrader

1 Posts.

11/12/19

03:47

Post #: 41901723
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Originally posted by FXTechstrategy: ↑

EURUSD faces further upside pressure following its past week higher close. Support comes in at the 1.1000 where a break will turn risk to the 1.0950 level. A breach below here will target the 1.0900 level. Further down, support stands at the 1.0850. Conversely, on the upside, resistance comes in at 1.1050 level with a violation of there opening the door for further gain towards the 1.1100 level. Further up, resistance lies at the 1.1150 level. A cut through that level will clear the way for a move towards the 1.1200 level. All in all, EURUSD expects more weakness in the days ahead

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To be honest, there not much analysis provided. " A breach below here will target the"..... and also "further gain towards the"...
Is it going down or up?? This is not a good analysis if the analyst stays in the middle. Anybody could write and say from any price level that if it will go up it will go to the nearest resistance level and if it will go down it will rich the nearest support level. Need more research and analysis.
Not a good post

Price at posting: 0.9017 Sentiment: Sell Disclosure: Held
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0 Great analysis

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