Currency Analysis 15th Nov

EUR/USD
Weekly Trend direction: Bearish
Weekly trend reversal level: 1.4085
Key G7 resistance levels: 1.3780/1.3800, 1.3840, 1.3930
Counter-trend and scalping opportunities:
Strategy: Whilst below the weekly trend reversal level sell rallies to resistance levels after an entry signal.
Today’s trade suggestion: The euro’s fortunes have reversed quite dramatically, and we have a very bearish pattern on all chart time frames. We’ll look to sell the euro into resistance levels after pullbacks. This is not a good time to be picking bottoms and trading counter-trend. There are very few clear support levels below us and we have just broken below major range support.
Summary: Sell rallies to resistance levels listed above after a G7 entry signal.