Prime XBT App
Prime XBT App
Download and Trade Now!

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...
Read author’s articles
Alert Triangle Risk Disclaimer
Disclaimer: The content provided here is for informational purposes only. It is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results.
The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.

Ready to put your insights into action?

Receive the latest news and stay informed.

Start Trading Start Trading
Start Trading

Need Help?

Risk Warning:
Trading in leveraged products carries a high level of risk and may not be suitable for all investors.