Technical Analysis : EUR/USD 8 November 2022

Forex Technical Analysis : EURUSD

Date : 8 November 2022

Pivot point : 0.9965

Our preference : long positions above 0.9965 with targets at 1.0050 & 1.0080 in extension.

Alternative scenario : below 0.9965 look for further downside with 0.9930 & 0.9900 as targets.

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

Supports and resistances :

1.0100 **
1.0080 *
1.0050
1.0011 – Last price
0.9965
0.9930 *
0.9900 **

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

Source : Trading Central

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