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EUR/USD: Technical Analysis| November 19, 2020

EUR/USD: Technical Analysis| November 19, 2020

  • Update Time : Thursday, November 19, 2020
  • 10 Time View
EUR/USD: Technical Analysis | November 26, 2020
EUR/USD: Technical Analysis | November 26, 2020

MarketDeal24.Com – Overall, the price movement of the EUR/USD pair on Wednesday was stable between 1.1891/1.1850, although the US dollar index fell near Quasimodo support 92.15.

In the four hour time frame, the next resistance according to the technical chart is 1.1895 and 1.19 handle. After Breaking these levels traders will look at the September opening level of 1.1937, with resistance 1.1940 and the Daily Quasimodo resistance 1.1965.

In the weekly time frame, demand for the pair continues to rise from support 1.1621 in early November, and buyers enter the market to try to move the price to the 2016 opening level of 1.2004, followed by Quasimodo Resistance 1.2092.

Important Things To Consider:

  • Prices could go up to 1.1895 and 1.19 in the four hour time frame today, although there is a possibility of selling from this area.
  • A four-hour time frame is likely to have a breakout buy above 1.19, in which case price will target the September opening 1.1937.

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