EURUSD Daily Analysis – November 21, 2019

EURUSD moved sideways in a trading range between 1.1053 and 1.1090. As long as 1.1053 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.0989, further rise to 1.1150 area is possible after the consolidation. On the downside, a breakdown below 1.1053 support would indicate that the upside movement had completed at 1.1090 already, then another fall towards 1.1000 could be seen.

EURUSD 4-hour chart