FX.co - EUR/USD analysis for November 29, 2021 - Upisde continuation in the play

2021-11-29T12:15:17

Relevance until2021-11-30

Technical analysis:

EUR/USD analysis for November 29, 2021 - Upisde continuation in the play

EUR/USD has been trading this morning but I see potential for the upside continuation due to strong Friday's close.

Trading recommendation:

Due to strong upside momentum and nice pullback today, I see potential for the upside continuation.

Watch for buying opportunities on the intraday pullbacks with the upside target at 1,1325.

Stochastic is showing fresh bull cross, which is another sign and confirmation for the upside continuation.

Support level is set at the price of 1,1260

*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 29, 2021 - Upisde continuation in the play