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EUR/USD technical analysis: We will see an attempt to rise, but resistance 1.1445 will determine the amount of the upside

22 Nov 2018 04:30 PM

The euro is trying to rally against the greenback, taking advantage of its stability above 1.1355, as stability above this support supports new attempts to rise. But at the same time, we should see the price today set above the resistance level of 1.1445 to confirm the continuation of the bullish trend, otherwise the price will come back down.
From the bottom, a break of 1.1355 will negate the upside potential and cause the bearishness to return.
Therefore, it might be good to buy EURUSD above 1.1400 with the expected profit taking in stages at 1.1440 and 1.1500 and stop loss below 1.1355. However, if we fail to hold above 1.1445, we will close the full financial position.

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