Technical Analysis : EUR/USD 4 November 2022

Forex Technical Analysis : EURUSD

Date : 4 November 2022

Pivot point : 0.9790

Our preference : short positions below 0.9790 with targets at 0.9720 & 0.9690 in extension.

Alternative scenario : above 0.9790 look for further upside with 0.9820 & 0.9850 as targets.

Comment : the upward potential is likely to be limited by the resistance at 0.9790.

Supports and resistances :

0.9850 **
0.9820 *
0.9790
0.9771 – Last price
0.9720
0.9690 *
0.9660 **

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

Source : Trading Central

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