The euro dollar (EUR / USD): technical analysis today November 17, 2015
The decrease in the euro / dollar resumed as generally expected in the previous comments. Price, at the moment, trying to gain a foothold below the support at 1.0660 / 50, which restrained "bears" last week. Trade is conducted at levels 1.0640 / 45.
Indicators again unanimously indicate the superiority of "bearish" sentiment. Obviously, in this situation, there is reason to believe that attempts to fix prices below 1.0660 / 50 will be successful and the pair falling will proceed to the purposes mentioned above at levels of 1.0500 / 1.0460. However, more convincing, after all, you should wait for the return price to the sector downtrend channel (red lines). End of trend line of this formation, which is now at the price point to a high probability of "bullish" signal.
Pound US Dollar (GBP / USD): technical analysis today, November 17, 2015
Buyers Briton could not renew attempts to break through resistance at 1.5240 / 50. Price start the slide and is now testing the first line of the range (1.5160 / 30) key support - level 1.5160. Trade is conducted at levels 1.5160 / 65. Indicators for the most part already on the side of the "bear" to continue. However, to complete the picture lacks confidence turn down the SS. Obviously, in these conditions, the situation is still continuing uncertainty - with the increased probability of a downgrade, the chances are high "bull" for the resumption of growth. For proof that the "bearish" trend has resumed, it should wait for the breakdown of support 1.5160-1.5130. In this case, soon enough followed by another test of strength level 1.5030 and will increase the likelihood of continuation of the fall to the target at 1.4940 / 50 and then to 1.4760 / 50, 1.4630 / 20. End of the test barrier on the way down and return to a level of 1.5240 trading returns to the agenda of the probability of pairs of lifting the level of 1.5290 / 1.5300.
Author: Arkady Nagiyev
Technical analysis of the currency market Forex4you