Forex Trading Library

EUR/USD – 20.11.2024

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The Euro managed to test the resistance of 1.0600 and a few pips above it before prices hit dropped.

As we see on the Intraday chart, the market is facing support around 1.0525-40. If prices hold here, then another advance toward 10650-60 will be expected.

Below 1.0525 more of a drop could hit the market with the second support around 10475 which could activate the advance again.

Below 1.0475 more of a drop toward 1.0290 is likely.

SUPPORT RESISTANCE
LEVEL1 1.0525-40 1.0610
LEVEL2 1.0475 1.0660
LEVEL3 1.0360 1.0800

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