Forex Technical Analysis

Technical analysis maintains that all information is already reflected in the price and that price movements lead to recognizable price chart patterns. It therefore tries to determine a trend on the grounds that sentiment changes may, at least in part, forecast trend changes.


EUR/USD Technical Scenario: Thursday 07 November 2019

Last updated 6 days ago at 11:00pm

It should be subject to more weakness towards 1.1057. After which a correction to above 1.1085 is anticipated. A break of 1.1047 is bearish.

  • Key Point1.1056
  • Entry Point1.1053
  • Elliott1.1175
  • Closing1.1067
  • Projection1.1011
  • Trendline 11.1087
  • Trendline 21.1046
Elliott Wave

elongated flat correction down

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