FX.co ★ Evening review of EURUSD on November 10, 2020

EURUSD

The main Forex assets have gone in different directions:

The USDJPY pair clearly tries to maintain an upward trend. I advise traders on this chart to buy from pullbacks.

USDCHF - similarly, no one wants to open sell position.

Buy from kickbacks.

GBPUSD - The pound is clearly not losing ground.

Conclusion:

1. Assets diverged on Forex - the likelihood of a general strong trend for/against the dollar fell.

2. EURUSD may still rise.

Prepare to buy from 1.1845.