EURUSD Retreats After Edging Closer To 1.1900

November 18, 2020

By Orbex

The euro currency is trading weaker following a steady intraday gain.

Price rose to highs of 1.1893 before pulling back after nearing the 1.1900 level.

If price continues to push lower, then the lower high could signal a shift to the trend.

For now, the 1.1800 level remains critical for the EURUSD. A close below the 1.1800 support would mean further declines to the 1.1715 level.


Free Reports:

Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter





Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.





The bias remains mixed at the moment, despite the Stochastics oscillator pushing down from the overbought levels.

We could expect the declines to stall near the support area of 1.1850 for the moment.

By Orbex

InvestMacro

Share
Published by
InvestMacro

Recent Posts

RoboForex Brings Full-Scale Trading to Telegram

Belize City, Belize, July 6, 2026 – Financial broker RoboForex now offers direct trading within…

13 hours ago

Your Bourse Integrates TradingView Charts and Trading Platform Library with Trade Server

Brokers can now build full trading platforms on Your Bourse Trade Server using TradingView charts…

15 hours ago

Yen Still Under Pressure: Markets Await Action from Authorities

By Analytical Department RoboForex USD/JPY is holding near 161.84 on Tuesday, with the yen close…

15 hours ago

Germany’s DAX Index has updated its all‑time high. OPEC+ countries have agreed to increase production

By JustMarkets  On Monday, US stock indices closed higher, supported by renewed interest in the…

15 hours ago

Americans are not as well off as people in peer nations – US safety net’s shortfalls show up in global data

By Stephen Bagwell, University of Missouri-St. Louis and Susan Randolph, University of Connecticut  As the…

18 hours ago

It may be almost impossible to make data centers pay their ‘fair share’ of electricity costs

By Theodore J. Kury, University of Florida  Many major tech companies have pledged to pay…

2 days ago

This website uses cookies.