FX.co - Outlook on EURUSD for November 23, 2020

23 November 2020 at 11:38AM (UTC+0)

Relevance until24 November 2020 at 11:23AM (UTC+0)

EURUSD

The euro is trying to get out of a nearly 4-month consolidation. A strong movement is very likely.

The stops are also convenient: when buying from 1.1895, the stop is at 1.1849 and then a downward pullback is possible

Sell from 1.1849, stop at 1.1895.

The target for the upward movement may be up to 1.2450.

Continue observing.

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

Analytical expert

Jozef Kovach

FX.co ★ Outlook on EURUSD for November 23, 2020