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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

EURUSD Nov, 20 2020

Technical Analysis
Friday, November 20, 2020 - 05:57
Point Trader Group
EURUSD Nov, 20 2020

Overview:

prices are moving in an upward short-term direction. 

Expected:

The pair is approaching a strong resistance level around 1.1890, which enhances the downside chances during the day's trading to 1.1860. 

Alternative Scenario:

On the other hand, we see that if the 1.1890 level is broken to the upside, this pair might push up to 1.1930. 

 

Resistance1.18901.19301.1960
Support1.18601.18301.1800

*Risk Disclaimer: 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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