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EURUSD 30.11.2021
Overview:
The pair is trading in a downtrend
Expected scenario:
The above chart shows that the pair is trading below a strong resistance level around 1.1330, which enhances the chances of a drop to 1.1220 - provided that trading continues below 1.1370 dollars.
Alternative scenario:
We see that if 1.1370 is broken upwards, it may push this pair up to 1.1420
Resistance levels
1.1330
1.1370
1.1420
Support levels
1.1220
1.1200
1.1168
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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