This type of technical analysis is of little strategic use even to scalpers.
EUR/USD – 1.1000 remains the key short-term support to watch. The pair has traded sideways within a range of 60 pips since last Fri, 01 Nov post NFP and fresh bout of U.S-China trade deal optimism news flows out in the last 2 days. Technical elements remain positive and the recent slide has managed to hold at the pull-back support of the former major descending channel resistance from 10 Jan 2019 high with the hourly RSI oscillator that has started to exit from its oversold region. Maintain bullish bias above 1.1100 key short-term pivotal support as per highlighted earlier (click here to recap) for another round of ... (full story)