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Back Technical analysis
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Back Technical analysis
Forecast for EUR/USD on November 20, 2024
On Tuesday, the EUR/USD pair rebounded
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On Tuesday, the EUR/USD pair rebounded from the 323.6% Fibonacci corrective level at 1.0532 and began rising toward the 261.8% Fibonacci level at 1.0662. However, the bulls were once again unable to reach the target level, and today they have lost momentum—the pair is moving back toward the 1.0532 level. I still believe that the likelihood of closing below this level and continuing the decline toward 1.0420 is higher. The wave structure is clear. The
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Samir Klishi,
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