Forex EUR/USD Daily Video, November 14, 2023

Sive Morten

Special Consultant to the FPA
Good morning,

Despite that weekly bearish pattern is our primary one, EUR doesn't give us any bearish signs yet on lower time frames. Today we intend to watch for CPI numbers and 1.0720-1.0725 intraday resistance area. Right now we suggest it is too early to consider short entry:

$1.0860 could possibly be November target.? This is the 50% of whole move down from July.? :rolleyes:
I will wait and monitor this week for $1.0765 area as i did mention last week that i was 'suspicious' that this area had not been 'taken out by my charts'.? ;)