Wednesday 25th November: Technical Outlook and Review

Europe’s single currency posted modest gains against the US dollar Tuesday, with H4 candles now seen touring just south of 1.19 and Quasimodo resistance at 1.1895. The scenery north of 1.19 reveals room to approach September’s opening value at 1.1937

IC Markets

24 Nov 2020

Tuesday 24th November: Technical Outlook and Review

Sellers, as evident from the H4, failed to find acceptance beneath the 104 handle on Monday amidst stronger-than-anticipated US PMI figures. This led to price forcefully moving into November’s opening value at 104.50, piercing the level to register session peaks at 104.63.

IC Markets