19.11.202415:57 Forex Analysis & Reviews: Trading Signals for EUR/USD for November 19-21, 2024: buy above 1.0540 (2/8 Murray - 21 SMA)

Relevance up to 08:00 UTC--5

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Early in the American session, the EUR/USD pair is trading around 1.0563, making a technical correction after having reached the level of 1.0605 yesterday during the American session.

On the H4 chart, we can see that the euro broke the bearish trend channel on November 15. Since then, we have seen a recovery of the instrument, which would confirm a bullish movement in the short term until reaching the 200 EMA around 1.0791.

If the euro consolidates above the 21 SMA located at 1.0554 in the next few hours, it will be seen as an opportunity to buy with targets at 3/8 Murray and 4/8 Murray.

Technically, the eagle indicator is giving a positive signal. So, we believe that as long as EUR/USD settles above 2/8 Murray in the coming days, located around 1.0498, any technical rebound will be seen as an opportunity to buy.

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