29.11.202114:15 Forex Analysis & Reviews: EUR/USD analysis for November 29, 2021 - Upisde continuation in the play

Technical analysis:

Exchange Rates 29.11.2021 analysis

EUR/USD has been trading this morning but I see potential for the upside continuation due to strong Friday's close.

Trading recommendation:

Due to strong upside momentum and nice pullback today, I see potential for the upside continuation.

Watch for buying opportunities on the intraday pullbacks with the upside target at 1,1325.

Stochastic is showing fresh bull cross, which is another sign and confirmation for the upside continuation.

Support level is set at the price of 1,1260

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert of InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.