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15.11.202315:57 Forex Analysis & Reviews: Technical analysis on EURUSD for November 15th, 2023.

Exchange Rates 15.11.2023 analysis

Blue lines- Fibonacci retracement levels

EURUSD is trading around 1.0865. Price is trading around the 50% Fibonacci retracement after yesterday's bullish candlestick. The advance seems to have paused at this important short-term resistance. Technically trend remains bullish as price continues making higher highs and higher lows. The RSI has still not reached overbought levels and there is no sign of a bearish divergence. EURUSD has the potential to climb higher towards the 61.8% Fibonacci retracement level.

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

Alexandros Yfantis,
Analytical expert of InstaSpot
© 2007-2024
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