EUR/USD analysis for February 11, 2019

Posted On 11 Feb 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 – www.instaforex.com

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

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