Sun, Dec 04, 2022 @ 08:59 GMT
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EURUSD Intraday Analysis

EURUSD (1.1907): The common currency closed with a doji pattern yesterday. The brief strength in the US dollar made the EURUSD to fall to a 4-day low before prices recovered. Currently, the upside momentum is taking shape which could potentially see some retracement. Resistance level at 1.1927 is most likely to be targeted after price slipped to the support level of 1.1882 – 1.1825. A reversal at 1.1927 regionis requiredin order for EURUSD to correct lower. Failure to reverse near the resistance level could keep the common currency on track to post further gains. Below the support level, EURUSD could be falling towards 1.1688 support

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