Main Quotes Calendar Forum
flag

FX.co ★ November 15, 2022 : EUR/USD Intraday technical analysis and trading plan.

parent
Forex Analysis:::2022-11-15T15:51:25

November 15, 2022 : EUR/USD Intraday technical analysis and trading plan.

November 15, 2022 : EUR/USD Intraday technical analysis and trading plan.

In the intermediate-term, the pair is just above the newly visited price levels around 0.9600 that haven't been visited since 2002.

That's why, some bullish recovery was recently demonstrated especially around such an important psychological support.

The nearest supply level was located around 1.0200 where bearish rejection and a short-term SELL Entry were anticipated.

Hence, another bearish pullback to test the price levels of 0.9500 was recently executed.

Intensive bullish price action was demonstrated around the lower limit of the current movement channel. Initial bullish target around 1.0150 was already reached.

Price action around this key-level should be watched cautiously for further continuation or bearish reversal.

On the other hand, any quick bearish pullback towards the price levels of 1.0000 should be considered as a valid BUY opportunity.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...