FX.co - EUR/USD analysis for November 10, 2021 - Trading range active, watch for the breakout....

2021-11-10T15:10:45

Relevance until2021-11-11

Technical analysis:

EUR/USD analysis for November 10, 2021 - Trading range active, watch for the breakout....

EUR/USD is trading inside of the trading range and I would like to see breakout to confirm further direction.

Trading recommendation:

Upside breakout of resistance at 1,1620 might lead EUR towards 1,1695

Downside breakout of support at 1,1510 might lead EUR towards 1,1425

Watch for the breakout to confirm further direction.

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

Analytical expert

Petar Jacimovic

FX.co ★ EUR/USD analysis for November 10, 2021 - Trading range active, watch for the breakout....