See also
24.11.2021 08:32 AMThe EUR/USD pair is trading outside the average monthly zone, which significantly reduces the probability of further decline.
An upward correction and a return of the pair to the borders of the average monthly zone should be expected in the near future. The main upward target is the level of 1.1313. Most likely, the price will return to this level by the end of November. The task is to wait for the formation of the "absorption" pattern of the daily level in order to be able to enter into purchases on the corrective movement.
Sales from current levels are not profitable despite the evidence of downward momentum, since the probability of a price return to the level of 1.1313 is 90%. It is necessary to wait for the false breakdown of the weekly low and the "absorption" pattern in the upward direction.
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
