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Nov 14, 2021 1:17 PM

LONG POSITION Long

Euro Fx/U.S. DollarFXCM

Description

EUR/USD Forecast: Sellers pay no mind to technical conditions
EUR/USD has continued to edge lower despite oversold conditions.
Next target on the downside is located at 1.1400.
Improving market mood could help EUR/USD limits its losses in the near term.

1.1400 is our next psychological level for EUR/USD where we can see buyers looking to step in the market for some correction before
the next move lower.

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