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EURUSD 18.11.2024
General Trend: The pair is in a bearish trend, trading below the key resistance level at 1.1189. The price is near significant support levels, indicating the possibility of either continued decline or a bullish rebound.
Expected Scenario: If the price continues to drop, it is expected to target the main support level at 1.0448. A break below this level may lead to further declines toward lower levels.
Alternative Scenario: If the price rebounds upward and manages to break the resistance level at 1.1189, this could indicate the start of a bullish correction toward higher resistance levels.
Key Levels:
Resistance: 1.1189
Support: 1.0448
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
