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Back Technical analysis
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Back Technical analysis
EUR/USD – November 3: Bearish Traders Await a Favorable Opportunity
On Monday, the EUR/USD pair reversed
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On Monday, the EUR/USD pair reversed in favor of the euro and rose toward the 127.2% retracement level at 1.1220. The pair's rebound from this level favored the US dollar and triggered a decline toward the 1.1081–1.1086 support level, which may continue today. Consolidation above 1.1220 would suggest further gains for the euro. However, it is worth noting that this is not a strong level, and several false signals have previously formed around it. The wave structure on the
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