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23.11.202220:53 Forex Analysis & Reviews: November 23, 2022 : EUR/USD daily technical review and trading opportunities.

Company does not offer investment advice and the analysis performed does not guarantee results.
The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Exchange Rates 23.11.2022 analysis

Price levels around 1.1700 has been holding prices for a short period of time before another price decline took place towards 1.1200.

Shortly after, the price zone around 1.1500 has applied significant SELLING pressure when a valid SELL Entry was offered upon the previous ascending movement towards it.

Since then, the EUR/USD pair has been moving downwards reaching the price levels of 1.0850, 1.0400, 1.0000 and recently 0.9600.

The market remained under Selling pressure until the recent bullish break above 1.0000 was achieved.

Now the market remains under buying pressure until significant downside rejection occurs around one of the key- levels, 1.0350 or probably a bit higher around 1.0600.

In the mean time, any downside movement towards 1.0000 should be watched for BUYING pressure where a new upside movement can be established.

Mohamed Samy
Analytical expert of InstaForex
© 2007-2022

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