15.11.202315:57 Forex Analysis & Reviews: Technical analysis on EURUSD for November 15th, 2023.

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Blue lines- Fibonacci retracement levels

EURUSD is trading around 1.0865. Price is trading around the 50% Fibonacci retracement after yesterday's bullish candlestick. The advance seems to have paused at this important short-term resistance. Technically trend remains bullish as price continues making higher highs and higher lows. The RSI has still not reached overbought levels and there is no sign of a bearish divergence. EURUSD has the potential to climb higher towards the 61.8% Fibonacci retracement level.

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