EURUSD Detailed Analysis 12-November-2024

We are in a period where selling pressure is strong in the EURUSD pair. In addition to the troubles in Europe, Trump’s election as president has increased the pressure. We expect the pressure on the pair to continue in the general picture.Technically, there is significant support at 1.06. If this support is broken, we expect the pressure to increase towards 1.05.As long as 1.0750 is not exceeded in the short term and 1.10 in the broad picture, increases may continue to provide selling opportunities.