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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/USD analysis for November 10, 2021 - Trading range active, watch for the breakout....

Technical analysis:

analytics618be0cb92580.jpg

EUR/USD is trading inside of the trading range and I would like to see breakout to confirm further direction.

Trading recommendation:

Upside breakout of resistance at 1,1620 might lead EUR towards 1,1695

Downside breakout of support at 1,1510 might lead EUR towards 1,1425

Watch for the breakout to confirm further direction.

The material has been provided by InstaForex Company - www.instaforex.com