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  • EUR/USD 20/11/20
GOLD and OIL Analysis
November 19, 2020
GBP/USD
November 20, 2020
Published by CF Merchants on November 20, 2020
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  • Market Analysis
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EUR/USD

EUR/USD holds higher ground below 1.1900, in a sign of resilience to US Treasury Secretary Steve Mnuchin’s risk-destabilizing move. Mild risk-off on Mnuchin’s recall of Fed funds fails to boost the dollar.

EUR/USD extends its consolidative mode into Asia, following a solid comeback seen in the US last session. The overnight rally in the spot prompted the bulls to regain ground above all the major hourly moving averages (HMA). Although the descending trendline resistance at 1.1881 remains a tough nut to crack for the buyers so far this Friday.

The downward turn in the hourly Relative Strength Index (RSI), currently at 58.47, suggests that the bulls are likely to face a tough time surpassing the foresaid hurdle. Acceptance above that level could see a test of the 1.1900 level.

Technical analysis

Time Frame: 1 hour

EURUSD Support & Resistance Table – 19/11/2020

Support & ResistanceLevelExplanation
Resistance 21.1862Daily R2
Resistance 11.1847Daily R1
Support 11.1806Daily S1
Support 21.1792Daily S2

 

EURUSD Indicator Table – 19/11/2020

IndicatorSignal
SMA 20Sell
SMA 50Buy
SMA 100Buy
MACD( 12;26;9)Buy
RSI (14)Sell
Stochastic ( 9;6;3)Sell

 

EURUSD Indicator / Period Table – 19/11/2020

Indicator / PeriodDay – SellWeek – BuyMonth – Buy
MACD( 12;26;9)BuyBuyBuy
RSI (14)SellBuyBuy
SMA 20SellBuyBuy

 

EURUSD 19/11/2020 – Reference Price : 1.1836

SELLSimple Moving Average Buy (2) Sell (1) Technical Indicators – Oscillators Buy (1) Sell (2)
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