EURUSD currency pair analysis

November 30

The euro’s current trend is upward. The specified support areas can cause the price to ascend again in case of a confirmation.

Also, in the 1-hour time frame (based on the structure breaking observed in this time frame), in case of an ascend to the specified resistance area and confirmation, we can enter into sell trades in the correction direction.

In the weekly time frame, the power is still in the hands of market buyers, and based on the schematic chart, the euro can move to higher areas.

Based on the drawn trend line, the current trend is upward, and we can expect correction and a drop to the specified trend line if a bearish candle is created in the 1-hour time frame.

Based on the last candle, we can expect a drop to around the trend line in case of confirmation in the 1-hour timeframe.

In the daily time frame, we can expect a rise to higher areas if the resistance area breaks.

When the price reaches around the resistance area specified in the circle and creates a descending candle, we can enter into sell trades.