Technical analysis of EUR/USD 08/11/2021

EUR / USD currency pair within the downtrend approached the annual minimum of 1.1700.

The technical picture suggests a rebound from the level of 1.1700 as a key support. The nearest resistance and target is the area of the level of 1.1750 (23.6% Fibo).

Now a signal to cancel the growth of the pair will be a decline below 1.1700. The next support is at the level of 1.1600.

EURUSD_STPH4

Created by Joshua Hayn

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