Forex EUR/USD Daily Video, November 11, 2022

[Sive Morten]

Good morning,

EUR has solid upside momentum and it has not completed yet daily 1.0275 target. Thus, no significant retracement should happen until its done. 1.01-1.0120 area seems as most probable destination of short-term retracement before action to 1.0275.

 

[FreddyFX]

So your thoughts about 0.90 levels is off the horizon for now?

 

[Sive Morten]

So your thoughts about 0.90 levels is off the horizon for now?

I wouldn't say that. 0.9 is a monthly target and we do not have even 0.382 retracement. It barely impacts on monthly picture. It is too small to change long-term view by far. Besides, I do not see any shifts in fundamentals. CPI reaction looks like populist action as components still show the price growth...