Categories: Technical analysis

EURUSD Wave Analysis 28 November 2023

– EURUSD broke resistance level 1.0950

– Likely to rise to resistance level 1.1065

EURUSD currency pair recently broke the key resistance level 1.0950, intersecting with the 61.8% Fibonacci correction of the downward impulse from July.

The breakout of the resistance level 1.0950 should further increase the bullish pressure on this currency pair.

Given the continuation of the strong US dollar sales seen today, EURUSD currency pair can be expected to rise further to the next resistance level 1.1065, former top of wave (2) from August.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: EURUSD

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