EURUSD surged to a fresh weekly high of 1.1860. If the price won’t break above 1.1890 we may see a pullback to 1.1820 then 1.1760. On the other side break above 1.1890, the next level to watch 1.1915/1940.
Three ECB speakers will be speaking in a while, starting with Lagarde (actually I think he will set the tone, the other two should not reverse his impact). I am looking to sell highs if it somehow crosses over 1.19. Tempted to sell at 1.188x region as well.
Long story short, I’m with you.
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As expected the EURUSD pair reversed from the highs and hit the first support 1.1820. At the time of writing, the pair trading below 1.18.
The next key levels to watch
Support: 1.1765 & 1.1730 Resistance: 1.1830 & 1.1880
I think there has to be a pullback soon. Seasonals are indicating dxy strength for the month of November
Not this week.
There will be a pullback soon. Maybe not this week but soon.