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11.10.202313:59 विदेशी मुद्रा विश्लेषण और समीक्षा: Technical analysis on EURUSD for October 11, 2023.

Exchange Rates 11.10.2023 analysis

Red lines- bearish channel

EURUSD is trading around 1.0605. Price remains inside the red downward sloping channel it is in since July. Price has made a bounce over the last few days exactly as expected from the 1.0450-1.05 area. Price is now challenging the upper channel boundary which is key short-term resistance. So far we have no break out or a rejection sign. Traders need to understand that this is important resistance area and they have to be patient. The RSI has not reached overbought levels. In order to expect a bigger bounce, we should see bulls recapture 1.0635 level and stay above it.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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