FXOptimax Market Analysis

23rd November 2018 Market Outlook


Euro Aussie – EUR/AUD rally higher after price rejected its 1.5670 support level as we expected in our 22nd November 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind as price is likely going to continue with its rally into its 1.5850 resistance level.

EURAUDrH4

 

Euro Swedish Krona – EUR/SEK rally higher as well after price rejected its 10.2850 support level. Traders who went long as we recommended may consider continue holding onto the long position and have the first target set near 10.3500 resistance level to lock in profits if price moves in our favour.

EURSEKrH4

 

Euro Yen – EUR/JPY continue to consolidates within its triangle chart pattern. If price breakout above its triangle chart pattern, we are then likely going to see further rally coming into this market in the coming days. Traders may also consider buying into this market if price breakout above its triangle chart pattern as price could potentially rally into its 130.10 resistance level in the coming days.

EURJPYrH4

Posted on 2018-11-23 06:30:31

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