EURUSD analysis 21.11.2019

The resistance level of 1.1091 continues to hold back buyers. The upward corrective pattern has ended. The breakout of 1.1052 will result in the formation of a descending pattern within the wave (C) of the descending pattern of the D1 level. The Stochastic Oscillator indicator signals overboughtness. Since the swap for sale is positive (the lower indicator), the medium-term transaction will not damage the deposit, but increase the potential profit. 

Trading recommendations:

Sell Below 1.1052.

Stop Loss – 1.1091.

Target levels - 1.1000 (trap for pros + round important level); 1.0945 (level 123.6% on Fibo from A D1).