FX.co - EUR/USD for November 22,2019 - First downwrad target on EUR at 1.1050 reached, potential for more downside and test of second and third tarrget

22 November 2019 at 3:49PM (UTC+0)

Relevance until22 November 2019 at 9:49PM (UTC+0)

EUR/USD for November 22,2019 - First downwrad target on EUR at 1.1050 reached, potential for more downside and test of second and third tarrget

Gold did break our important multi-pivot support at 1.105 and reached first downward target at $1.1055 and it is approaching our second and third target at 1.1032 and 1.1015..

EUR/USD for November 22,2019 - First downwrad target on EUR at 1.1050 reached, potential for more downside and test of second and third tarrget

Stochastic oscillator is fresh new down cross, which is good sign that sellers are in control and that selling on the rally is preferable strategy for today.

The cause of the downside move on the EUR may be th weak data from Morning news.

Support levels are seen at the price of 1.1032 and 1.1015. Resistance level is set at 1.1050.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Technical analysis #EURUSD

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2025

FX.co ★ EUR/USD for November 22,2019 - First downwrad target on EUR at 1.1050 reached, potential for more downside and test of second and third tarrget

Forex Analysis

EUR/USD for November 22,2019 - First downwrad target on EUR at 1.1050 reached, potential for more downside and test of second and third tarrget