FX.co ★ EUR/USD analysis for November 09 2020 - Key povot at the price of 1.1900 is on the test

He tweets:

Happy to be back in London today, redoubling our efforts to reach agreement on the future partnership. 3 keys to unlock a deal:No 1: Respect of EU autonomy and UK sovereignty, w/ effective governance and enforcement mechanisms between international partners;No 2: Robust guarantees of free and fair trade & competition based on shared high standards, evolving coherently over time;No 3: Stable and reciprocal access to markets and fishing opportunities in the interest of both parties.

All of this continues to reaffirm that both sides are still some way from agreeing on the key outstanding issues at hand. This week's negotiations will be key as it challenges the deadline of mid-November in getting a deal agreed upon.

Further Development

Analyzing the current trading chart of the EUR/USD, I found that EUR tested and rejected of the main pivot resistance at 1,1900, which is sign that there is potential for the downside rotation.

1-Day relative strength performance Finviz

Based on the graph above I found that on the top of the list we got Crude Oil and Gasoline today and on the bottom VIX and Lumber,

Key Levels:

Resistance:1,1900

Support level: 1,1780