Trading Ideas & Technical Chart Analysis by Nial Fuller, November 13 to 17th 2017

EURUSD remains bearish in the day-to-day chart, so we want to trade short as we mentioned last week. The price spiked higher last week, moving up to the resistance of 1.1660. However, we do not see any real selling signals just so we will wait and see what's growing this week. Although the price is still below the previous swing level at the level of 1.1860, we will look for selling signals at any higher / higher upward movement. Traders can monitor selling signals ideally on a 4-hour or daily chart time frame. We are also monitoring the obstacles near 1.1720 for signaling price this week.