empty
 
 
05.11.2026 06:17 AM
Trading Signals for EUR/USD on November 5-7, 2026: sell below 1.1270 (200 EMA - 4/8 Murray)

This image is no longer relevant

The euro is trading around 1.1252, after reaching the 200-period exponential moving average (EMA), and has tried several times to break above it. If the euro consolidates above 1.1270 in the coming hours, the outlook could turn positive, so EUR/USD is expected to reach the upper band of the uptrend channel, around 1.1320.

Conversely, if the euro falls below the 200-period exponential moving average (EMA) and below 1.1262, the outlook could turn negative, and a technical correction in EUR/USD could follow, with the price potentially reaching the Murray 4/8 level, around 1.1230. We could also expect EUR/USD to find strong support around the lower band of the uptrend channel, at 1.1214.

A decisive break below the uptrend channel and consolidation below the 21-period simple moving average (SMA) at 1.1200 could change the outlook for the euro, and we could expect a downward acceleration in the coming days; hence, the instrument could reach the Murray 3/8 level, around 1.1108.

The Eagle indicator has reached overbought levels and is technically giving a negative signal; therefore, we will look to sell the euro in the coming hours below 1.1270. Alternatively, if a pullback occurs toward 1.1320, this could be considered a signal to sell.
Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2026
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback