EUR USD Analysis - 26/11 - 30/11


There are 2 possible direction moves,

1) 1.13130
2) 1.12160

If price were to reject at 1.13130, a possible inverted HNS move may occur with a bullish momentum.
If price were to break 1.13130 and headed towards 1.12160, then a possible further break downwards.


H4 indicates a previous Demand zone with the lowest at 1.13209.

Price may create a daily low as of Monday first before making a high with the trend may shift as bullish daily.

I will set up a buy limit at 1.13209 with a tight SL at 1.13144 first.

And of course monitoring price movement for the 1st h4 with a targeting move towards 1.1325.

If the price fail to touch or break below 1.1325 by the 1st 8 hours, then potential buy target towards the 1.1375 / 1.1400.


Additional Notes

Looking into it overall just made me realize that the price is playing within the normal zone (outside of HZ) between 1.1425 and 1.1325.

As the rejection at 1.1425 indicates a clear rejection onto the UHZ , hence price make a move towards the LHZ.

We`ll see next week reaction then.

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