FX.co - EUR/USD analysis for November 15, 2021 - Watch for the breakout of the consolidation to confirm furher direction

2021-11-15T12:48:57

Relevance until2021-11-16

Technical analysis:

EUR/USD analysis for November 15, 2021 - Watch for the breakout of the consolidation to confirm furher direction

EUR/USD has been trading sideways at the price of 1,1448. The breakout will confirm further direction direction.

Trading recommendation:

Watch for the breakout of the sideways channel to confirm further direction.

The upside breakout of resistance at the price of 1,1463 can lead EUR towards 1,1487

The downside breakout of support at the price of 1,1433 can lead us towards the level of 1,1405

*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 15, 2021 - Watch for the breakout of the consolidation to confirm furher direction