Technical Analysis : EUR/USD 7 November 2022

Forex Technical Analysis : EURUSD

Date : 7 November 2022

Pivot point : 0.9870

Our preference : long positions above 0.9870 with targets at 0.9965 & 1.0000 in extension.

Alternative scenario : below 0.9870 look for further downside with 0.9840 & 0.9810 as targets.

Comment : the RSI is bullish and calls for further upside.

Supports and resistances :

1.0040 **
1.0000 *
0.9965
0.9930 – Last price
0.9870
0.9840 *
0.9810 **

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

Source : Trading Central

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