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Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

EURUSD H4 | Falling toward support level?
21:48 2023-11-13 UTC--6
Exchange Rates analysis

The EUR/USD chart has a bearish momentum with a potential drop towards the 1st support at 1.0664 (overlap and 38.20% Fibonacci Retracement). The 2nd support at 1.0606 (61.80% Fibonacci Retracement) reinforces this support zone. On the resistance side, the 1st resistance at 1.0712 (multi-swing high) suggests selling interest, while the 2nd resistance at 1.0758 (another multi-swing high) adds to potential resistance areas during any bearish reaction.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.