Quiet Monday EURUSD Day Trades – November 11

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EUR/USD Forex Signal – 11 November 2020

EURUSD: Bottoming out at 1.1018

Last Thursday’s signals were not triggered as there was no bearish action when the price reached 1.1063 and unfortunately the high was just a pip short of the key resistance at 1.1093.

Today’s EUR/USD Signals

Trades may only be entered before 1pm London time today.

Short Trade Ideas

· Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.1056, 1.1093 or 1.1107.

· Put the stop loss 1 pip above the local swing high.

· Move the stop loss to break even once the trade is 20 pips in profit.

· Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.

Long Trade Ideas

· Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.1018, 1.0993 or 1.0966.

· Put the stop loss 1 pip below the local swing low.

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· Move the stop loss to break even once the trade is 20 pips in profit.

· Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.

The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.

EUR/USD Analysis

I wrote yesterday that I was ready to take wither a short from 1.1063 or a long from 1.1018 if we had seen reversal action when either level was touched.

This was enough to keep out of trouble, but the real opportunity was a short from just below 1.1093 as the Dollar continued its advance.

The price has now come to rest at the support at 1.1018 just above the very big psychological level at 1.1000. It looks like it is bottoming out and we are seeing the same technical situation in the GBP/USD currency pair which suggests that the support is going to hold for the day.

It should be a quiet day, so the best opportunity is likely to be scalping long trades off 1.1018. There is nothing of high importance due today regarding the EUR. It is a public holiday today in the USA.

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Adam Lemon began his role at DailyForex in 2020 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.
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EUR/USD News (Euro US Dollar)

EUR/USD extends slump after NFP shows massive job loss

EUR/USD is trading below 1.08, down on the day. The Non-Farm Payrolls report has shown a loss of 701,000 jobs, worse than expected. The ISM Non-Manufacturing PMI surprised to the upside with 52.5 points.

Latest EURUSD News

Forex Today: Dollar the strongest as risk aversion rules

EUR/USD steadies near 1.0800, erases more than 300 pips weekly

EUR/USD: Heading firmly lower

Technical Overview

EUR/USD has lost more than 50% of the gain from 1.0640 to 1.1150, raising the chances that the rise was the correction and that new lows are on the cards. The currency pair is trading below the 50, 100, and 200 Simple Moving Averages, and the Relative Strength Index is above 30 – outside oversold conditions.

Support awaits at 1.0820, Thursday’s low, followed by 1.0750, which was a stepping stone on the way up. The 2020 trough of 1.0640 is critical support.

Resistance awaits at 1.09, which provided support earlier this week, and it is followed by 1.0970, which held it down around the same time. The next levels to watch are 1.1050 and 1.1090.

Fundamental Overview

Around half of global COVID-19 deaths are concentrated in Italy, Spain, and France – and that is only one of the factors erasing over 50% of late March’s gains.

1) Worrying coronavirus figures in Europe

While Italy has seen as a flattening of the curve – fewer deaths and new cases under control – Spain is setting records in mortalities on an almost daily basis. France, which counts only losses of lives in hospitals, is also seeing rising numbers. The three countries have 29,650 out of 53,146 global deaths.

Updates figures from Spain are due out in the European morning, followed by France and Italy.

2) No coronabonds

Leaders in the old continent remain at loggerheads over the economic relief for the crisis. The three countries and others are demanding “coronabonds” – issuing joint European debt. Germany is leading the opposite camp. Ursula von der Leyen, President of the European Commission, is looking for a compromise alongside the Eurogroup – European finance ministers.

However, without an immediate solution to the fast-evolving problem, the euro has room to the downside. Sapin reported a leap of 300,000 in jobless claims, allowing the first look into the economic carnage of coronavirus. Markit’s final Service Purchasing Managers’ Indexes will likely confirm the weakness.

3) When the US sneezes, the world catches a cold

Crossing the Atlantic, US Unemployment Claims also paint a grim picture. Requests for benefits have more than doubled to 6.648 in the week ending March 28 – beyond the worst estimates. Moreover, figures could have been even higher as some states struggled to process the flood of claims. The current level of applications represents an unemployment rate of roughly 10%.

The US dollar gained ground in response to the figures and remains the currency of choice in times of trouble. If the US struggles, the rest of the world suffers, and the dollar is demand.

The focus now shifts to the first coronavirus-impacted Non-Farm Payrolls report – yet it lags jobless claims by around two weeks. March’s labor market surveys were taken on the week including March 12. While it is unlikely to show the devastating destruction of jobs, a loss of 100,000 positions is on the cards. The figures could be a win-win for the dollar.

  • Nonfarm Payrolls Preview: Is the dollar’s fate sealed?
  • US Non-Farm Payrolls March preview: If it’s terrible, it’s expected, if it’s not, April will be

The ISM Non-Manufacturing PMI is due out after the NFP, but may still move markets. Services sectors all over the world have struggled more than the manufacturing sectors. Economists expect a sharp drop below 50 – reflecting contraction.

See: Non-Manufacturing PMI Preview: The disaster may be delayed. until April

What about the coronavirus situation in the US? It remains dire, with nearly a quarter of the million infections gripping the world’s largest economy. Nevertheless, the rapid spread of the disease in America may prove as another boost for the safe-haven greenback.

When is понедельник the 11th?

How often does the 11th day of a month fall on a понедельник.

понедельник the 11th occurrences
Year Date Month Since last Comment
2020 понедельник 11 май 2020 г. май 1 time in year 2020
2020 понедельник 11 январь 2020 г. январь + 8 months 3 times in year 2020
понедельник 11 апрель 2020 г. апрель + 3 months
понедельник 11 июль 2020 г. июль + 3 months
2020 понедельник 11 сентябрь 2020 г. сентябрь + 14 months 2 times in year 2020
понедельник 11 декабрь 2020 г. декабрь + 3 months
2020 понедельник 11 июнь 2020 г. июнь + 6 months 1 time in year 2020
2020 понедельник 11 февраль 2020 г. февраль + 8 months 3 times in year 2020
понедельник 11 март 2020 г. март + 1 months
понедельник 11 ноябрь 2020 г. ноябрь + 8 months
2020 понедельник 11 май 2020 г. май + 6 months 1 time in year 2020
2021 понедельник 11 январь 2021 г. январь + 8 months 2 times in year 2021
понедельник 11 октябрь 2021 г. октябрь + 9 months
2022 понедельник 11 апрель 2022 г. апрель + 6 months 2 times in year 2022
понедельник 11 июль 2022 г. июль + 3 months
2023 понедельник 11 сентябрь 2023 г. сентябрь + 14 months 2 times in year 2023
понедельник 11 декабрь 2023 г. декабрь + 3 months
2024 понедельник 11 март 2024 г. март + 3 months 2 times in year 2024
понедельник 11 ноябрь 2024 г. ноябрь + 8 months
2025 понедельник 11 август 2025 г. август + 9 months 1 time in year 2025
Between years 2020 and 2025 this occurs 20 times. Upcoming occurrence is highlighted .

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Which months have the same weekdays?

Calendars repeat themselves – find out which months share the same calendar dates and reuse your calendar.

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