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24.11.202008:11 Forex Analysis & Reviews: The Central European Bank kept EURUSD from rising again

The Bank's 1.1833 level remains the defining resistance. Until tomorrow, this mark will remain a significant barrier to the pair's growth. It is important to note that there is still no violation of the upward momentum, so conditions may be created for the EURUSD to continue growing in the near future.

Exchange Rates 24.11.2020 analysis

The medium-term accumulation zone makes it possible to look for sales from the Bank level and purchases from the lower zone of the Central Bank at 1.1769. Working in the range implies short profit fixing at the borders.

To continue growth before the start of new operations on the open market, it will be necessary to close today's trading above the level of 1.1883. This will lead to the formation of a bullish model for the current week.

Exchange Rates 24.11.2020 analysis

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Samanta Kruder,
Analytical expert of InstaSpot
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