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Aleksin_Aleksandar
Nov 25, 2022 10:50 AM

EURUSD chart analysis 

EURO / U.S. DOLLARICE

Description

During the Asian trading session, the euro managed to maintain itself at the 1.04000 level. Today the market seems to be slowing down, and for now, there are no departures from the predicted EURUSD movement patterns. For a bullish option, we need a break to the 1.05000 level to start. After that, we need to keep up there. Then, with a new bullish impulse, we could expect to see continued EURUSD growth. Potential higher targets are 1.05500 and 1.06000 levels. For a bearish option, we need a positive consolidation and a drop to the 1.03500 level. A break below would mean we could see further EURUSD weakening. Potential lower targets are 1.03000 and 1.02000, this week's low.
Comments
JoeChampion
More probably to the upsides as USD continue to be weak
MEHDI118
Hi my friend
Which path do you think is more likely?
Aleksin_Aleksandar
@MEHDI118, bullish
MEHDI118
@Alex_master_forex, ⁦🙏🏻⁩🌹
TheFxAce
great breakdown thanks
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