Technical Analysis : EUR/USD 16 November 2022

Forex Technical Analysis : EURUSD

Date : 16 November 2022

Pivot point : 1.0300

Our preference : long positions above 1.0300 with targets at 1.0380 & 1.0410 in extension.

Alternative scenario : below 1.0300 look for further downside with 1.0270 & 1.0250 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

1.0440 **
1.0410 *
1.0380
1.0342 – Last price
1.0300
1.0270 *
1.0250 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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