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Analytics today
EUR/USD dropped through the 1.0850-55 zone during the New York session on Wednesday, potentially completing the first wave from the 1.0950-60 highs. A pullback was expected towards 1.0920 at least.
Trading plan for EURUSD on November 20, 2023
EUR/USD rose through the 1.0920-25 highs in the early Asian session on Monday. The single currency pair has hit its second projected Fibonacci extension now, and the bears would.
Trading plan for EURUSD on November 15, 2023
EUR/USD rallied sharply on Tuesday during the New York Session reaching the 1.0887 high. The single currency has hit the Fibonacci .1.27 extension and is just a few points away.
Trading plan for EUR/USD on November 10, 2023
EUR/USD has dropped back to 1.0660 overnight and could extend losses to the 1.0610 mark before resuming its rally. Notably, if the corrective wave is unfolding as a flat move.
Trading plan for EUR/USD for November 07, 2023
EUR/USD rallied through the 1.0755-60 zone on Monday as expected before pulling back lower. The currency pair might find support around the 1.0700-10 zone or the 1.0670-80 range intraday.
Trading plan for EURUSD on October 31, 2023
EUR/USD rallied through the 1.0625-35 zone on Monday in line with our forecast. The single currency pair has pulled back a bit and is seen to be trading around 1.0595.
Trading plan for EURUSD on October 24, 2023
EUR/USD climbed above the 1.0677 high on Monday, falling in line with the forecast. The single currency pair has broken past the 1.0630 obstacle and the same would provide support.
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This section is updated daily and contains market analysis prepared by professional analysts on behalf of InstaForex. Each of the specialists presents analytical reviews in accordance with his/her vision of the current situation on the foreign exchange and other markets. However, the outlooks below are neither recommendations nor instructions to any actions. They contain analysis of the current situation on financial markets. In some cases, analysts' opinions about current market conditions may differ.