๐EURUSD-11/22/2022-US dollar is back in play๐
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Date: 11/22/2022
โก๏ธTrading instrument: EURUSD
๐Priority direction: SELL
๐ฌComment: The single European currency has not yet been able to overcome the resistance area of โโ1.03604 - 1.05191. This wide range is likely to be tried again by buyers. As expected, the maximum that will be so is a hike to the level of 1.03604, that is now acting as resistance. A more likely scenario is a further fall from the level of 1.02609. Support level 1.01327 is a conservative target. Support level 1.00011 is also an adequate target, a more medium-term target. By the end of the year, it is unlikely that we would have to observe levels โโmuch higher than the parity level for the EURUSD currency pair. The price would most likely be fixed below this level.
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๐Thanks for your comments and likes๐
๐๐ฅLINKS TO PREVIOUS IDEAS AND FORECASTS๐ฅ๐
โก๏ธTrading instrument: EURUSD
๐Priority direction: SELL
๐ฌComment: The single European currency has not yet been able to overcome the resistance area of โโ1.03604 - 1.05191. This wide range is likely to be tried again by buyers. As expected, the maximum that will be so is a hike to the level of 1.03604, that is now acting as resistance. A more likely scenario is a further fall from the level of 1.02609. Support level 1.01327 is a conservative target. Support level 1.00011 is also an adequate target, a more medium-term target. By the end of the year, it is unlikely that we would have to observe levels โโmuch higher than the parity level for the EURUSD currency pair. The price would most likely be fixed below this level.
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๐Thanks for your comments and likes๐
๐๐ฅLINKS TO PREVIOUS IDEAS AND FORECASTS๐ฅ๐
Close tradeโ๏ธโ