EUR/USD can't brake through 1.25!

eur-usd 12.11.

As I already wrote on my analysis from November 10., EUR/USD can’t handle 1.25 and there are the same reasons still standing on the way. 23.6% of the fibo return from the October 15. –> November 07. fall, H4 down trendline and 1.25 is some kind of the psychological level for the pair. What can’t go up, must go down and we can expect for the pair to go lower and test previous minor support at 1.2430/40 latter on 1.2400 and the stronger one bellow at 1.2350/60. If euro manage to brake through 1.25 there is minor resistance at 1.2550, following stronger one at 1.2630/40.

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4 comments

  • My enter is 1.24638,
    short…

    Liked by 1 person

    • That level can be easily caught with longs Ivan, protect your order with break even.

      Like

  • Here we are hour latter, 1.2430/40. 🙂 Thank you.

    Liked by 1 person

    • Np my friend! 😉

      Like

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