Forex EUR/USD Daily Video, November 21, 2023

Sive Morten

Special Consultant to the FPA
Messages
18,451
Good morning,

EUR is flirting around pre-defined resistance area of 1.0970, which is the last possible area for starting of weekly bearish B&B trade. But for now some tricky moments exist as on DXY as on EUR itself, that makes us to be careful and not hurry up with short entry by far:

 
I like the Short setup on GBP/USD with the minor AB=CD in the same area
GBPUSD_2023-11-21_13-21-32_45ac5.png
 
I like the Short setup on GBP/USD with the minor AB=CD in the same area
Well, maybe... it hits XOP on daily chart. But the major risk is monthly B&B "Buy" with 1.2720-1.2740 target.... It could not stop until complete it... just control intraday performance, whether it matches to your trade.
 
Back
Top