EUR/USD analysis for February 11, 2019


EUR/USD has been trading downwards. The price did a breakout of the key short-term multi-pivot trendline (1.3000), which is a sign that sellers are in control. The next important support levels are set at 1.1240 and at the price of 1.1215. The short-term trend is bearish and you should watch for selling opportunities.

Trading recommendation: We are short EUR/USD from 1.1300 with targets at 1.1240 and 1.1216. Protective stop is placed at 1.1335.

The material has been provided by InstaForex Company –

Source:: EUR/USD analysis for February 11, 2019

Won't your trader friends like this?
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Related Posts

Leave a Reply