EUR/USD: the Euro remains under pressure 26.11.2018 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on EUR/USD for a better understanding of the current market situation and more efficient trading. Current trend EUR declined against USD on Friday updating local lows of November 16. EUR declines under the influence of negative statistics. The Q3 German economy has slowed down for the first time since 2015, the GDP indicator was –0.2%. The economy is under pressure of a reduction in German imports, which lasted from July to September. Preliminary November German and EU PMI also were negative. German Services PMI fell from 54.7 to 53.3 points, EU Services PMI decreased from 53.7 to 53.1 points. German Manufacturing PMI fell from 52.2 to 51.6 points, and EU one dropped from 52.0 to 51.5 points. The indicators approach the mid-point level of 50.0 points, below which sectors begin to reduce. Today, EUR is trading in both directions. Investors are focused on the future results of the EU summit on Brexit, in particular, the speeches of the heads of the ECB and the Bank of England. Support and resistance Bollinger Bands in D1 chart decrease gradually. The price range is actively narrowing from above, reflecting the recovery of the "bearish" trend at the end of the previous trading week. MACD is declining keeping a weak sell signal (located below the signal line). Stochastic keeps the downtrend, but approaches its minimum levels, which indicates the risks of oversold euro in the short term. Existing short positions should be kept until the situation is clear. Resistance levels: 1.1357, 1.1400, 1.1432, 1.1460. Support levels: 1.1325, 1.1300, 1.1266, 1.1231. Trading tips To open long positions, one can rely on the rebound from 1.1325 as from support with the subsequent breakout of 1.1357. Take profit — 1.1432. Stop loss — 1.1325. A breakdown of 1.1325 may be a signal to further sales with target at 1.1266 or 1.1231. Stop loss — 1.1357. Implementation period: 2-3 days. Use more opportunities of the NPBFX analytical portal:trading signals. Make right trade decisions on sell or buy XAU and other popular instruments using trading signals on the NPBFX portal. All registered users have free access to signals from the top 10 trading indicators (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) with also general recommendations on the portal. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on EUR/USD and trade efficiently with NPBFX.