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21.11.202308:55 Forex Analysis & Reviews: Indicator analysis: Daily review of EUR/USD on November 21, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0939 (closing of yesterday's daily candle) to test 1.0957, the 61.8% pullback level (blue dotted line), and after that, a downward movement is possible with a target of 1.0899, the 14.6% pullback level (yellow dotted line).

Exchange Rates 21.11.2023 analysis

Fig. 1 (daily chart).

Comprehensive analysis:

  • Indicator analysis – down;
  • Volumes – down;
  • Candlestick analysis – down;
  • Trend analysis – up;
  • Bollinger bands – up;
  • Weekly chart – up.

General conclusion: Today, the price may move upward from the level of 1.0939 (closing of yesterday's daily candle) to test 1.0957, the 61.8% pullback level (blue dotted line), and after that, a downward movement is possible with a target of 1.0899, the 14.6% pullback level (yellow dotted line).

Alternatively, the price may move upward from the level of 1.0939 (closing of yesterday's daily candle) to test 1.0957, the 61.8% pullback level (blue dotted line). From here, a continued upward movement is possible to 1.1063, the historical resistance level (blue dotted line).

*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。

Stefan Doll,
Analytical expert of InstaSpot
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