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EUR/USD analysis for November 19, 2021 - Upside rotation in the play

Technical analysis:

analytics6197c2d70f42c.jpg

EUR/USD has been trading downside today but there is big rejection from the support at the price of 1,1263 and I see potential for the upside movement.

Trading recommendation:

Due to strong rejection in the background and potential for the upside movement. My advice is to watch for buying opportunities

Upside objective is set at 1,1365

There is strong buying tail in the background based on the 4H time-frame, which is sign for potential aggressive buyers.

Support level is set at the price of 1,1250

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