Forex EUR/USD Daily Video, November 07, 2023

[Sive Morten]

Good morning,

EUR hits daily K-resistance area, so, we gradually could start thinking about weekly B&B "Sell" pattern, and watch for reversal formations on intraday charts:

 

[Brett Reynolds]

$1.0760 is approx 38.2 of whole move down from July. Yesterday was very nice Daily Pin Bar which came up just short of that level at $1.0755 by my chart. I took short position anyway at $1.0710.
My stop is already at Breakeven..and i will monitor this week because it could be excellent opportunity to 'add into position all the way down towards $1.0350.?

 

[Sive Morten]

My stop is already at Breakeven..and i will monitor this week because it could be excellent opportunity to 'add into position all the way down towards $1.0350.?

Let's get to 1.06 at least.