empty
28.11.2023 06:37 PM
November 28, 2023 : EUR/USD Intraday technical analysis and trading plan.

This image is no longer relevant

The EUR/USD pair has established an uptrend line on March 2023. Since then, the pair has respected the depicted uptrend line, achieving higher highs around (1.1080 and 1.1260 ) and higher lows around (1.0520 and 1.0650).

In July 2023, aggressive bullish movement extended towards the resistance zone around 1.1270 but failed to sustain the momentum before it came back below 1.1050.

The price reversed from this level and started to drop towards 1.0800, which acted as a temporary daily support before further downside movement could end the validity of this depicted uptrend line in August 2023.

Shortly after, the EUR/USD pair has sustained bearish decline for a few weeks until hit its next target around 1.0450, where several previous demand levels existed.

This lead to another bullish swing expressed over the past few weeks as a continuous bullish move, currently approaching the price level of 1.0990.

The current bullish movement is expected to pursue towards 1.1050 before either a short-term or a long-term bearish pullback can occur.

That's why, the price levels around 1.1050 can be a good opportunity to sell the EUR/USD (backside of the broken uptrend line) with Exit Levels to be located just above 1.1170. Expected bearish target levels are projected towards 1.0840 and 1.0670.

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GOLD. Gold Prices May Significantly Decline in the Near Future

Gold prices have recently seen a notable correction amid market expectations of the start of real negotiations between the U.S. and China on tariffs and overall trade. Treasury Secretary

Pati Gani 09:38 2025-04-24 UTC+2

Technical Analysis of Price Movement of Silver Commodity Instrument, Thursday April 24, 2025.

On the 4-hour chart, the Silver commodity instrument is visible even though its condition is strengthening where this is confirmed by the movement of the Silver price which is moving

Arief Makmur 06:18 2025-04-24 UTC+2

Technical Analysis of Price Movement of Nasdaq 100 Index, Thursday April 24, 2025.

Although on the 4-hour chart the Nasdaq 100 index is Sideways, the range is quite large so that there is still a fairly promising opportunity in the index. Currently

Arief Makmur 06:18 2025-04-24 UTC+2

Trading Signals for GOLD (XAU/USD) for April 23-25, 2025: sell below $3,333 (200 EMA - 6/8 Murray)

Our trading plan for the next few hours is to sell gold below $3,333, with targets at $3,313 and $3,291. We can buy above $3,280 with short-term targets at $3,437

Dimitrios Zappas 14:31 2025-04-23 UTC+2

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday, April 23, 2025.

With the appearance of Divergence between the price movement of the AUD/JPY cross currency pair with the Stochastic Oscillator indicator and the price movement of AUD/JPY which is above

Arief Makmur 06:37 2025-04-23 UTC+2

Technical Analysis of Intraday Price Movement of Gold Commodity Instrument, Wednesday, April 23, 2025.

If we look at the 4-hour chart, the Gold commodity instrument appears to still be moving in a Bullish bias, but with the appearance of Divergence between the Gold price

Arief Makmur 06:37 2025-04-23 UTC+2

Forex forecast 22/04/2025: EUR/USD, GBP/USD, USD/JPY and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:08 2025-04-22 UTC+2

Technical Analysis of Intraday Price Movement of GBP/CHF Cross Currency Pairs, Tuesday April 22, 2025.

If we look at the 4-hour chart of the GBP/CHF cross currency pair, there are several interesting facts. First, the appearance of a Triangle pattern followed by the movement

Arief Makmur 06:58 2025-04-22 UTC+2

Technical Analysis of Intraday Price Movement of AUD/CAD Cross Currency Pairs, Tuesday April 22, 2025.

With the price movement of the AUD/CAD cross currency pair moving above the WMA (21) which has an upward slopes and the appearance of Convergence between the price movement

Arief Makmur 06:58 2025-04-22 UTC+2

Trading Signals for GOLD (XAU/USD) for April 21-25, 2025: sell below $3,422 (overbought - 8/8 Murray)

The eagle indicator has reached overbought levels. However, the metal could still reach the high around 8/8 Murray, which represents a strong barrier for gold. Below this area, we could

Dimitrios Zappas 17:23 2025-04-21 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

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?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

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 InstaForex anyway.

We are sorry for any inconvenience caused by this message.