25.11.202115:05 Forex Analysis & Reviews: EUR/USD analysis for November 25, 2021 - Breakout of the falling wedge in the background

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

EUR/USD has been trading upside this morning and there is the breakout of the falling wedge in the background, which is sign for the potential upside movement.

Trading recommendation:

Due to upside brekaout of the resistance trend line in the background, I see potential for the upside movement.

Watch for buying opportunities on the dips with the upside objectives at 1,1250

Gold didn't have power to break rising trend line, which is another sign that upside is in the play.

RSI is showing oversold condition, which is sign that there is potential for the upside rotation.

Support level is set at 1,1185

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.