Dear Traders,
the EUR/USD is testing a key support level at 1.17-1.1725 after failing to break above the 1.18 resistance. The S&R levels are a key decision zone for a larger bullish or bearish breakout.
The GBP/USD divergence could cause price to make a bearish reversal at resistance or below the channel. The larger daily picture remains choppy as price stays in the sideways range. A breakout is needed on the daily chart before a larger trend could be expected.
Check out the video for the full analysis and trade plans on 21-22 November 2017:
Good trading,
Chris Svorcik
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