EUR/USD current read

20/11/17 20:10 GMT

Large Speculators Long at almost all time high

CoT Data on Currencies Free CoT Data - Mozilla Firefox_2017-11-20_18-24-59

Commitment of Traders

This is the second break below the 4H neckline at 1.1740. A head might develop somewhat lower 1.1722-1.17 zone could hold, if not,  1.1686ish the the next MM support that sticks out.

Weekly resistance: 1.2050

Weekly support: 1.1480

ATR upside limit: 1.1800-1.1818

ATR downside limit: 1.1681-1.1664

4H projected distance (upside): 1.1814

4H projected distance (downside):  1.17, 1.1680

4H overbought neckline: 1.17415

4H deeply overbought: 1.1918

EUR404

We might just be going for that divergent hump i.e. undercut. if A=C then 13 pips below the last low cca 1.1709.

channel position: right at the bottom of the channel

E36-4H: 1.1744

professionals: there seems to be a pro support at 1.1661

amateurs: selling

last exhaustion: 1.1730

last head: 1.1821

uptrend/downtrend: uptrend from 1.1593

EUR405

MM support levels:

1.2027

1.1997

1.1974

1.19418

1.1925

1.1880

1.1839

1.1809

1.1793

1.1780

1.1756

1.1739

1.1686

1.1581

1.1473

MM resistance levels

1.1644

1.1750

1.1783

1.1791

1.1808

1.1824

1.1853

1.1873

1.1901

1.1909-1.1912

1.1922

1.1931

1.1948

1.1955

1.1962

1.1975

1.1995

1.20023

1.20275

1.2045

1.2063