Daily Technical Analysis 11.18.2020

  • Post author:
  • Post category:Forex

EUR USD Current level – 1.1866

Yesterday, the pair did not manage to successfully violate the resistance at 1.1892 and, at the time of writing, the EUR/USD is holding steady above 1.1840. As the bulls are still in control, a new attempt to breach the aforementioned zone is the most probable scenario. If the previously mentioned resistance level of 1.1892 is violated, the rally will most probably head towards the next important level of 1.2010. Major support zone for the bears lies at 1.1839. The current positive market sentiment will change only with a breach of the 1.1798 level, which could lead to a deeper sell-off. Today, investors will be keeping an eye on the announcement of the Consumer price index data for the Eurozone at 10:00 GMT, which could spark some volatility.

resistance
intradayintraweek
1.18921.1980
1.19201.2010

support
intradayintraweek
1.18401.1760
1.18001.1626