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EA in my opinion are coded to follow the technical analysis so they might require monitoring during the highly volatile markets, so anyone who wishes to go automated should read EA manuals before implementing them. -
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So we are near to holidays now, Q4 is also gonna end soon and we will be preparing to make new plans for the upcoming new year.
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EURUSD Is Dominated By The Bull Market Throughout As The Pair Seek To Recover EURUSD Price Analysis – November 18 The bulls had full control today, moving the market up during the entire European session as the FX pair confirmed its breakout past the high of the prior session after trading up to 1.1068 above during the day. Key Levels Resistance Levels: 1.1501, 1.1412, 1.1278 Support Levels: 1.0989, 1.0879, 1.0780 EURUSD Long term Trend: Bearish EURUSD at the moment, the rebound from the 1.0879 level is initially seen as a remedy and, in the case of a further increase, the increase may be contained by the level at 1.1412 retracements from the level at 1.0879. Although the downward trend from the 1.1501 (high) level may resume later. However, the sustained plunge from the 1.1412 level may change this bearish position and lead to a greater increase in the retracement to the level at 1.1501. EURUSD Short term Trend: Ranging The EURUSD intraday bias stays neutral for the initial position and a further plunge is anticipated as long as the resistance remains at the level at 1.1073. Also, the corrective rebound from the level at 1.0879 is expected to end at 1.1501. Meanwhile, past the low of the level at 1.0989, the bias will be revised downward to repeat the low of the level at 1.0879. However, the breakout of the level at 1.1073 may soften this bearish trend and push up the bias for the level at 1.1175. Instrument: EURUSD Order: Buy Entry price: 1.1073 Stop: 1.0989 Target: 1.1412 Source: https://learn2.trade
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