Daily Market Analysis 18.11.2022: US100

Instrument: US100

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 11860.93 with take profit at 11892.99
Bearish Preference: 
Sell position is envisaged if price trades below 11746.25 with take profit at 11710.49
No high impact fundamental

The dollar eased on Friday, but was still headed for its largest weekly gain in a month, after Federal Reserve officials reiterated their commitment to raising U.S. interest rates more than markets currently anticipate.

Analysis: SCRUM Team

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