Last week’s trading closed above the banking level of 1.1803. This suggests that the growth of the European currency is supported by the Central Bank. Any decline should be considered as an opportunity to buy the pair. The growth target will be the banking zone and the level of 1.1937.


The upward movement will remain a priority until the opening of European trading on November 18. Holding on to previously opened purchases is the optimal strategy. For those who need to enter the position, the focus should be on the level of 1.1803. Returning to this mark will allow you to get a favorable price. It remains to wait for the formation of the engulfing pattern to enter a long position.

In order to cancel the upward pattern, it is necessary to close today’s trading below the level of 1.1803. The probability of this event is 30%, which makes sales from current levels unprofitable.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.