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02.11.202222:26 Forex Analysis & Reviews: EURUSD rejected at cloud resistance.

Exchange Rates 02.11.2022 analysis

EURUSD is trading around 0.9822. Price got rejected at the Kumo (cloud) and is now breaking below it once again. Price is above the kijun-sen (yellow line indicator) support at 0.9815. A Daily close below the kijun-sen will confirm the bearish signal of the break below the Kumo. At 0.99 we find the resistance by the tenkan-sen (red line indicator). Price made an attempt earlier today to break above the cloud but got rejected. At 0.9960 we find the upper cloud boundary. Bulls need to break above this level in order to produce a bullish reversal signal.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Alexandros Yfantis,
Analytical expert of InstaSpot
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