26.11.202407:24 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Tuesday November 26, 2024.

Relevance up to 23:00 2024-11-26 UTC--5

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.

With the appearance of deviations between the price movement of Fiber and the Stochastic Oscillator indicator and also confirmed by the appearance of the Bullish 123 pattern on the 4-hour chart, in the near future EUR/USD has the potential to strengthen where the level of 1.0529 will be tested to be broken and closed above it if successful then Fiber will continue its strengthening to the level of 1.0680 and if the momentum and volatility support it then the level of 1.0804 will be the next target to be aimed for but all these strengthening scenarios will be invalid and canceled by themselves if on the way to strengthening EUR/USD suddenly weakens again and breaks through and closes below the level of 1.0329.

(Disclaimer)

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.