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January 19, 2021, 11:25 pm
EUR/USD: Technical Analysis | November 27, 2020
- Update Time : Friday, November 27, 2020
- 44 Time View
MarketDeal24.Com – September opening level and daily resistance 1.1940 in the four hour time frame acted as important resistance.
In a four-hour time frame, sellers entered the market after reaching this month’s highest level of 1.1941 on Thursday and took the help of September’s opening level 1.1937 and Daily Resistance 1.1940. Sellers try to move the price of the EUR/USD pair below 1.19 and move it to a low of 1.1885.
Meanwhile, according to the weekly time frame, the EUR/USD pair will not face any resistance until reach the 2018 opening level of 1.2004, followed by Quasimodo resistance 1.2092.
The price in the daily time frame was tested at 1.1940 yesterday. Today sellers can enter the market in daily time frame.
Important Things To Consider:
- September opening level in the four hour time frame and resistance 1.1940 in the daily time frame will act as important resistance.
- The 2018 opening level 1.2004 and 1.20 handle in a four hour time frame will act as resistance.
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