Technical analysis of EUR/USD 11/29/2022

The EUR/USD currency pair on the (1D) chart is in an upward correction. During the correction, the price found resistance at 1.0500 and is currently consolidating around 1.0340 (MA200).

The technical picture suggests the continuation and development of an upward correction with a target near the level of 1.0600 (38.2% Fibo).

A signal to cancel the development of an upward correction will be a decrease in quotes below the low of 0.9535, which will indicate a continuation of the downtrend.

EURUSD_STPDaily

Created by Joshua Hayn

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