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Daily Technical Analysis Research 13.11.2024 – Global Markets (EURUSD)

EURO VS DOLLAR (EUR/USD):

The euro has continued to weaken against the dollar, with the Dollar Index (DXY) trading higher and exerting additional downward pressure on EUR/USD.

Daily Technical Analysis Research 13.11.2024 - Global Markets (EURUSD) - Screenshot 2024 11 13 at 14.03.38 1024x596
A closer look at the technicals shows that we are currently trading within a key support area, which serves as a critical zone of interest. As discussed in previous articles, if the price finds support in these crucial areas, it will be interesting to observe how it reacts upon rebalancing around the 50% level on the Fibonacci tool.

Daily Technical Analysis Research 13.11.2024 - Global Markets (EURUSD) - Screenshot 2024 11 13 at 14.03.47 1024x602

Author

Matthew Hayward
Matthew is a well-experienced Market Analyst with a key focus on both Fundamental and Technical Analysis. He has experience in covering various market topics including Cryptocurrency, Foreign Exchange, Indices, and Commodities. He looks to provide we...
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