The next level to the upside is 1.1374

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  • The EUR / USD bounces further and is approaching 1.1300.
  • The next target for the bulls now comes at 1.1374.

The EUR/USD adds to the recovery observed in the second half of the week and seeks to regain the 1.1300 level.

If it breaks above 1.1300, ideally in the short term, then the focus of attention is forecast to shift to 1.1374 (November 18 high) ahead of the 20-day SMA at 1.1415 and the weekly high at 1.1464 (November 15). ).

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The probability of further losses remains unchanged as long as the EUR / USD trades below the 2-month resistance line (moving away from the September high) near 1.1570. Longer term, the offered position of the pair is expected to persist as long as it is below the 200-day SMA at 1.1836.

Daily EUR / USD chart

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Technical levels


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