EUR/USD Price Analysis: Further up aligns 1.1000

Market news

21 November 2023

EUR/USD Price Analysis: Further up aligns 1.1000

- EUR/USD reaches fresh three-month highs around 1.0965.

- The continuation of the bullish trend should meet 1.1000.

EUR/USD advances for the fourth consecutive session, hitting new peaks around 1.0965 on turnaround Tuesday.

The continuation of the upward bias could see the psychological threshold of 1.1000 revisited prior to the August high of 1.1064 (August 10).

So far, while above the significant 200-day SMA, today at 1.0806, the pair’s outlook should remain constructive.

EUR/USD daily chart

US Existing Home Sales decline 4.1% in October

EUR/USD to recover moderately in 2024 – Commerzbank

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.