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19.11.202007:26 Forex Analysis & Reviews: EURUSD. Central European Bank has designated the level of resistance

Yesterday's reaction to the bank level of 1.1883 indicates that growth is being held by placing large limit orders. There is a high probability of a decline to the support zone formed from the level of 1.1769. This model is a priority at the end of this week and the beginning of next week.

Exchange Rates 19.11.2020 analysis

This model will continue to form a medium-term accumulation zone. It is important to understand that sales must be recorded when testing the lower banking zone. This will help in avoiding missed opportunities.

If the test of the 1.1769 level leads to a large demand, then you will need to open purchases. The growth target will be a return to the level of 1.1883. This model is valid until next Wednesday which makes purchases profitable after a decline to 1.1769. Don't forget to fix your positions when you reach the support and resistance zones.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Samanta Kruder,
Analytical expert of InstaSpot
© 2007-2025
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