Daily Market Analysis 18.11.2022: EURUSD

Instrument: EURUSD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1.03926 with take profit at 1.04055
Bearish Preference: 
Sell position is envisaged if price trades below 1.03543 with take profit at 1.03414
No high impact fundamental

European Central Bank President Christine Lagarde is scheduled to speak at the European Banking Congress in Frankfurt, and her speech is sure to be dissected for clues as to how high interest rates will climb in the Eurozone.

Analysis: SCRUM Team

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