empty
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

08.11.202307:43 Forex Analysis & Reviews: Trading plan for EUR/USD for November 08, 2023

Exchange Rates 08.11.2023 analysis

Technical outlook:

EUR/USD is pulling back after hitting the 1.0755-60 potential resistance defined earlier. The single currency pair found initial support around the 1.0680 mark as projected and we can expect an intraday bounce towards 1.0725 at least before bears are back in control. Also, note that 1.0680 is the Fibonacci 0.382 retracement of the recent upswing between 1.0510 and 1.0755-60 levels as projected on the chart.

EUR/USD has been unfolding a larger degree corrective rally since the 1.0450 lows printed on October 04, 2023. The currency pair hit its initial Fibonacci targets at the 1.0755-60 range early this week. Bears are potentially unfolding a Gartley corrective wave, which could be completed around the 1.0630 mark by next week.

Bulls of the euro would be poised to come back in control thereafter (from 1.0630) and push through the next Fibonacci extensions seen towards 1.0825 and potentially up to the 1.0900 mark. Also, note that 1.0900-30 is the Fibonacci 0.618 retracement of the entire drop between 1.1275 and 1.0450 respectively. High probability remains for a bearish reversal thereafter.

Trading plan:

Potential rally through 1.0830 against 1.0400

Good luck!

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Oscar Ton,
Analytical expert of InstaSpot
© 2007-2025
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

Guardate inoltre

Notizie Forex
  • 2025-04-09 21:47:16
    U.S. Wholesale Inventories Slow Growth in February 2025: A Dive to 0.3%
    2025-04-09 21:47:16
    Canada 10-Year Bond Yield at 7-Week Highs
    2025-04-09 21:47:16
    Brazil Loans Rise in February
    2025-04-09 21:47:16
    US Stocks Extend Choppy Trading
    2025-04-09 21:47:16
    TSX Drops to 8-Month Low
    2025-04-09 21:47:16
    Ibovespa Extends Losses
    2025-04-09 21:47:16
    Steel Drops to 7-Month Low
    2025-04-09 21:47:16
    Chinese Yuan Holds Rebound After Tariff Raise
    2025-04-09 21:47:16
    Retail Sales In Brazil Rise the Most in 5 Months
    2025-04-09 21:47:16
    Portugal Trade Gap Narrows in February
  • 2025-04-09 21:47:16
    Canadian Dollar Strengthens Further
    2025-04-09 21:47:16
    Argentina's Industrial Production Slows: February Figures Signal 1.5% Decline
    2025-04-09 21:47:16
    Copper Soars 8% after Historic Selloff
    2025-04-09 21:47:16
    US Dollar Rebounds After Tariff Relief
    2025-04-09 21:47:16
    Heating Oil Rebounds From Mid-2021 Lows
    2025-04-09 21:47:16
    Gold Holds Strong After Trump Pauses Tariffs
    2025-04-09 21:47:16
    FOMC Minutes Highlight Inflation Concerns Tied to Tariffs
    2025-04-09 21:47:16
    10-Year Treasury Yield Pulls Back from Session Highs
    2025-04-09 21:47:16
    Crude Oil Rebounds Past $62
    2025-04-09 21:47:16
    US Stocks Surge on Tariff Pause
  • 2025-04-09 21:47:16
    TSX Rebounds on Tariff Pause
    2025-04-09 21:47:16
    Brazil's Foreign Exchange Inflows Surge to New Highs in April 2025
    2025-04-09 21:47:16
    US 10-Year Treasury Sells Off
    2025-04-09 21:47:16
    U.S. 10-Year Note Auction Sees Yield Rise to 4.435% Amid Market Uncertainty
    2025-04-09 21:47:16
    Aluminum Slumps to 8-Month Low
    2025-04-09 21:47:16
    DAX End at Over 4-Month Low
    2025-04-09 21:47:16
    US Stocks Hold Volatile Momentum
    2025-04-09 21:47:16
    Iron Ore Falls Toward 7-Month Low
    2025-04-09 21:47:16
    Baltic Dry Index Slips for 12th Day
    2025-04-09 21:47:16
    Canadian Dollar Nears 4-Month Highs
  • 2025-04-09 21:47:16
    Argentina's Consumer Sentiment Dips as Thomson Reuters IPSOS PCSI Reaches 46.07 in April 2025
    2025-04-09 21:47:16
    Mexican Economic Confidence Dips Slightly in April, Says Thomson Reuters IPSOS PCSI
    2025-04-09 21:47:16
    Canadian Consumer Sentiment Experiences Slight Dip in April, Reports Thomson Reuters/IPSOS
    2025-04-09 21:47:16
    Rising Confidence in Brazil’s Economy as Thomson Reuters IPSOS PCSI Hits 51.28 in April
    2025-04-09 21:47:16
    Economic Sentiment Takes a Dip: U.S. Thomson Reuters IPSOS PCSI Index Falls in April
    2025-04-09 21:47:16
    Heating Oil Hits August 2021 Lows
    2025-04-09 21:47:16
    US Crude Oil Inventories Rise More than Expected: EIA
    2025-04-09 21:47:16
    U.S. Refinery Utilization Rates Rebound to Positive Territory Amid Energy Concerns
    2025-04-09 21:47:16
    U.S. Heating Oil Stockpiles Slip as Demand Outpaces Supply
    2025-04-09 21:47:16
    U.S. Gasoline Production Drops -0.338M as Energy Market Faces New Challenges
  • 2025-04-09 21:47:16
    U.S. Distillate Stocks Plummet by 3.544 Million Barrels, Marking a Significant Shift
    2025-04-09 21:47:16
    U.S. Distillate Fuel Production Declines: Current Indicator Shows -0.019M
    2025-04-09 21:47:16
    US Cushing Crude Oil Inventories Hit New Low, Revealing Decline in Stockpiles
    2025-04-09 21:47:16
    U.S. Crude Oil Imports Experience Significant Decline as of April 2025
    2025-04-09 21:47:16
    US Refinery Crude Runs Experience Upturn After Previous Decline
    2025-04-09 21:47:16
    USA Gasoline Inventories Decline Further, Reaching -1.600M Amid Persistent Market Dynamics
    2025-04-09 21:47:16
    U.S. Crude Oil Inventories Take a Sharp Dip to 2.553 Million Barrels
    2025-04-09 21:47:16
    Brazilian Real Weakens to 11-Week Low
    2025-04-09 21:47:16
    US Wholesale Inventories Rise at Slower Pace
    2025-04-09 21:47:16
    U.S. Wholesale Trade Sales Bounce Back with a 2.4% Increase in February
  • 2025-04-09 21:47:16
    U.S. Wholesale Inventories Slow Growth in February 2025: A Dive to 0.3%
    2025-04-09 21:47:16
    Canada 10-Year Bond Yield at 7-Week Highs
    2025-04-09 21:47:16
    Brazil Loans Rise in February
    2025-04-09 21:47:16
    US Stocks Extend Choppy Trading
    2025-04-09 21:47:16
    TSX Drops to 8-Month Low
    2025-04-09 21:47:16
    Ibovespa Extends Losses
    2025-04-09 21:47:16
    Steel Drops to 7-Month Low
    2025-04-09 21:47:16
    Chinese Yuan Holds Rebound After Tariff Raise
    2025-04-09 21:47:16
    Retail Sales In Brazil Rise the Most in 5 Months
    2025-04-09 21:47:16
    Portugal Trade Gap Narrows in February
  • 2025-04-09 21:47:16
    Canadian Dollar Strengthens Further
    2025-04-09 21:47:16
    Argentina's Industrial Production Slows: February Figures Signal 1.5% Decline
    2025-04-09 21:47:16
    Copper Soars 8% after Historic Selloff
    2025-04-09 21:47:16
    US Dollar Rebounds After Tariff Relief
    2025-04-09 21:47:16
    Heating Oil Rebounds From Mid-2021 Lows
    2025-04-09 21:47:16
    Gold Holds Strong After Trump Pauses Tariffs
    2025-04-09 21:47:16
    FOMC Minutes Highlight Inflation Concerns Tied to Tariffs
    2025-04-09 21:47:16
    10-Year Treasury Yield Pulls Back from Session Highs
    2025-04-09 21:47:16
    Crude Oil Rebounds Past $62
    2025-04-09 21:47:16
    US Stocks Surge on Tariff Pause
In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.

We are sorry for any inconvenience caused by this message.