empty
 
 
sp
Soporte
Apertura instantánea de la cuenta
Plataforma comercial
Depositar/Retirar

17.11.202306:24 Forex Analysis & Reviews: Trading plan for EURUSD on November 17, 2023

Exchange Rates 17.11.2023 analysis

Technical outlook:

EUR/USD rallied through the 1.0895 high on Thursday before reversing yet again as the bears remain poised to come back in ccontrol. The single currenccy pair is seen to be trading close to 1.0855 at this point in writing. It is projected to turn drag through the 1.0670 initial support. It would be a confirmation of a potential trend reversal.

EUR/USD has been within a larger-degree counter-trend rally since October 27, 2023, after printing a low at 1.0450. Potential upside targets have been hit except 1.0940, which is the Fibonacci 1.618 extension of the initial upswing. The recent push could be the last one before the bears are back in control.

EUR/USD could still attempt a test of the 1.0920-40 area before turning lower again but the instrument remains a sell on rallies case. The upside remains limited from here and the 1.0920-40 area could provide strong resistance going forward. Immediate price support is seen around 1.0670 and a break lower wold confirm that the bears are back in control.

Trading idea:

A potential downtrend to resume soon from the 1.0890-1.0920 zone.

Good luck!

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.