Forecast for EUR/USD on November 20, 2024
On Tuesday, the EUR/USD pair rebounded from the 323.6% Fibonacci corrective level at 1.0532 and began rising toward the 261.8% Fibonacci level at 1.0662. However, the bulls were once again.
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GBP/USD: November 19 - The Pound Is Completely Powerless
On the hourly chart, the GBP/USD pair bounced from the support zone of 1.2611–1.2620 on Friday, after which the bulls managed to push the pair slightly higher. However, the resistance.
EUR/USD: November 15. GDP Grows, but Industrial Production Declines in the Eurozone
On Thursday, the EUR/USD pair declined to the 323.6% Fibonacci retracement level at 1.0532, but by the end of the day, it rebounded from this level. This indicates the initial.
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GBP/USD. November 14th. Can the Pound Rely on Powell?
On the hourly chart, the GBP/USD pair consolidated below the 1.2709–1.2734 support zone on Wednesday. It continued declining on Thursday, heading toward the next support zone at 1.2611–1.2620. A rebound.
EUR/USD. November 12th. Rising Inflation Doesn't Help the Euro
On Monday, the EUR/USD pair continued its decline, breaking below the 261.8% Fibonacci corrective level at 1.0662. This suggests that the downward movement could extend to the next corrective level.
GBP/USD: November 11. The Pound Remains in a Sideways Trend
On the hourly chart, the GBP/USD pair began a new downward movement on Friday, targeting recent support levels. The pair may soon drop to 1.2850. Other levels are being ignored.
EUR/USD: November 7 – Trump Is Not Yet President, and the FOMC Meeting Lies Ahead
On Wednesday, the EUR/USD pair fell close to the 261.8% corrective level at 1.0662. This movement can be described as impulsive. Currently, the pair's quotes are recovering toward the resistance.
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