Technical Analysis : EUR/USD 3 November 2022

Forex Technical Analysis : EURUSD

Date : 3 November 2022

Pivot point : 0.9870

Our preference : short positions below 0.9870 with targets at 0.9780 & 0.9740 in extension.

Alternative scenario : above 0.9870 look for further upside with 0.9910 & 0.9950 as targets.

Comment : as long as the resistance at 0.9870 is not surpassed, the risk of the break below 0.9780 remains high.

Supports and resistances :

0.9950 **
0.9910 *
0.9870
0.9829 – Last price
0.9780
0.9740 *
0.9705 **

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

Source : Trading Central

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