EUR/USD Price Analysis: Extra gains likely above 1.0430

Market news

29 November 2022

EUR/USD Price Analysis: Extra gains likely above 1.0430

EUR/USD fails to extend the recovery beyond 1.0400.
The 9-month resistance line still caps the upside.

EUR/USD alternates gains with losses in the low-1.0300s following another failed attempt to retake the 1.0400 barrier earlier on Tuesday.

So far, the 9-month resistance line, today around 1.0430, continues to cap occasional bullish attempts.

A sustained breakout of this region is needed to allow for the continuation of the uptrend to, initially, 1.0481 (November 15) ahead of 1.0496 (November 28).

EUR/USD daily chart

Currencies. Daily history for Tuesday, November 29, 2022

Commodities. Daily history for Monday, November 28, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.