1-hour chart for EUR/USD
A breakout of 1.1920 upwards cleared up the matter. The pair is gaining the bullish momentum.
Importantly, the pair has never closed the trading day at the level above 1.1920.
Today American trading markets are shut on the occasion of Thanksgiving Day. Nevertheless, the thin market does not cancel the trend.
Therefore, let me warn you about a possible fake breakout.
In conclusion, there is a trading good idea to sell from 1.1880 with stop loss at 1.1925.
The upward target level will be determined later.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.