EURUSD - Outlook for 29/11/2024
EURUSD has completed move to our 1st resistance Target and had a rejection. If the candle closes above resistance and respects trendline, we should see higher level touched. However the stochastic indicator is signalling a possible retracement. Therefore a break of trendline and below support may result in bearish move.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
If you found this analysis helpful, please consider boosting and following for more updates.
Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Note
Price retraced as expected to trendline and made a bullish reversal. We should see Buliish move continue to higher level considering DXY is moving down.
Note
Move to lower level was completed.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.