Тechnical analysis for the EURUSD on 25.11.2015


The EURUSD has consolidated below 1.0675 resistance


Upside correction of the EUR/USD looks shaky after the false breakout of 1.0615 support. The price approached 1.0675 resistance at low volumes and consolidated.

The longer this consolidation below 1.0675 resistance lasts, the bigger are the chances of the rebound down. The closest rebound target is situated at the last week’s low of 1.0615.

Medium-term downtrend will continue if bears manage to break and hold below the 1.0615 support. Potential decline target in this case will be found at the round level of 1.0500.

Alternative scenario:  

Correction up will continue if price breaks the inclined resistance at 1.0715. The main correction target is situated at 1.0765 resistance.


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Hello, my name is Artem. If you ask me “Why have you chosen Forex?”, I would quote a legendary bestseller “Trading for a Living” written by Alexander Elder – the greatest trader of all time: “You can be free. Live and work in any corner of the globe. You can set aside everyday troubles and be free from all bosses. This is the life of a successful trader”(a small step aside.) Now I will tell you a few words about myself: I have a two-year experience of Forex trading. I also have a trading certificate confirming that I have passed a course called “Theory and practice of international financial markets” held by a private consulting company. Currently, I’m trading in a foreign exchange market and reading books written by successful world traders. I believe only in technical analysis, as it is based on crowd psychology, while the crowd behavior is primitive.