Market Analysis of EURUSD on Friday 4 November 2022

2022-11-04 09:45Source:BtcDana

EUR/USD Intraday: under pressure.

 

Pivot:

0.9790

 

Our preference:

Short positions below 0.9790 with targets at 0.9720 & 0.9690 in extension.

 

Alternative scenario:

Above 0.9790 look for further upside with 0.9820 & 0.9850 as targets.

 

Comment:

The RSI is bearish and calls for further decline.

https://asset.onetrader.online/upload/file/1667491200000/1667526337434.png

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