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Euro / Dolar A.S.

EUR/USD BUY

Oleh JHogarth
Here we have a bullish market. An uptrend consisting of Higher Highs and Higher Lows. Price recently brought off of a support zone that has already been tested 4 times previously. This new support zone was created after Election day November 3rd. The first test of support was on 11/05/20 around 2pm. The second test of support was 11/09/20 around 6pm (after New York session). Third test of support was 11/10/20 around 6am. Price tested support zone for the final time and broke to create this uptrends newest Higher Low. Price is currently above that previous support zone and buying towards 1.20111. Price is expected to reach a resistance zone previously reached back in the 1st of September ultimately for a new higher High.
fxcapitalonlinepmgzoTrend Analysis
JHogarth

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