{"id":5717,"date":"2023-11-17T13:24:59","date_gmt":"2023-11-17T05:24:59","guid":{"rendered":"https:\/\/www.umtradings.com\/?p=5717"},"modified":"2023-11-17T13:24:59","modified_gmt":"2023-11-17T05:24:59","slug":"focus-on-eurusd-today-17th-november-2023","status":"publish","type":"post","link":"https:\/\/www.umtradings.com\/vn\/focus-on-eurusd-today-17th-november-2023\/","title":{"rendered":"Focus on EUR\/USD Today \u2013 17th November 2023"},"content":{"rendered":"<div class=\"wp-block-post-date has-text-color has-black-color has-medium-font-size\"><a href=\"https:\/\/www.umtradings.com\/vn\/focus-on-eurusd-today-17th-november-2023\/\"><time datetime=\"2023-11-17T13:24:59+00:00\">November 17, 2023<\/time><\/a><\/div>\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h1 class=\"wp-block-heading has-black-color has-text-color\"><strong>Comprehensive EUR\/USD for November 17, 2023<\/strong><\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EUR\/USD for 17th November 2023.\u00a0<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>EUR\/USD Key Takeaways\u00a0<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/www.reuters.com\/markets\/us\/us-consumer-prices-unchanged-october-2023-11-14\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"USD needs to digest\">USD needs to digest<\/a><\/strong>: The early appreciation trend of the US dollar was mainly supported by the strong US economy and a clear interest rate hike cycle. The lower-than-expected U.S. inflation in October solidified the basis for the Federal Reserve to suspend interest rate hikes. In the short term, the U.S. dollar needs to digest the impact of the coming interest rate cut cycle.\u00a0<\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.reuters.com\/markets\/europe\/ecb-considers-lifting-rates-record-high-even-economy-slows-2023-09-13\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Influence of the ECB\">Influence of the ECB<\/a><\/strong>: Unlike the Federal Reserve, after raising interest rates at 10 consecutive meetings, the European Central Bank has maintained the deposit interest rate at a historical high of 4.00%, and the euro has already priced in no more interest rates in the current cycle.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>EUR\/USD Technical Analysis\u00a0<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>EUR\/USD <mark class=\"has-inline-color has-black-color\">Daily Chart Insights<\/mark><\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"690\" height=\"518\" src=\"https:\/\/www.umtradings.com\/vn\/wp-content\/uploads\/sites\/16\/2023\/11\/1-1-8.png\" alt=\"EUR\/USD Daily Chart Insights By Ultima Markets MT4\" class=\"wp-image-5718\" srcset=\"https:\/\/www.umtradings.com\/vn\/wp-content\/uploads\/sites\/16\/2023\/11\/1-1-8.png 690w, https:\/\/www.umtradings.com\/vn\/wp-content\/uploads\/sites\/16\/2023\/11\/1-1-8-300x225.png 300w\" sizes=\"auto, (max-width: 690px) 100vw, 690px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Stochastic Oscillator<\/strong>: The indicator slowly enters the overbought area, suggesting that bulls are gaining the upper hand, and the current decline is temporarily regarded as a corrective wave.&nbsp;<\/li>\n\n\n\n<li><strong>The upward channel line<\/strong>: The upper channel line was broken on Tuesday, which clarified the strength of the upward trend. The market price may continue to rise after the correction.&nbsp;<\/li>\n\n\n\n<li><strong>5-day moving average<\/strong>: The red 5-day moving average is a potential support price. If the exchange rate continues to pull back, the first target is the 5-day moving average.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>EUR\/USD <mark class=\"has-inline-color has-black-color\">1-hour Chart Analysis<\/mark><\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"690\" height=\"518\" src=\"https:\/\/www.umtradings.com\/vn\/wp-content\/uploads\/sites\/16\/2023\/11\/2-13.png\" alt=\"EUR\/USD 1-hour Chart Analysis By Ultima Markets MT4\" class=\"wp-image-5719\" srcset=\"https:\/\/www.umtradings.com\/vn\/wp-content\/uploads\/sites\/16\/2023\/11\/2-13.png 690w, https:\/\/www.umtradings.com\/vn\/wp-content\/uploads\/sites\/16\/2023\/11\/2-13-300x225.png 300w\" sizes=\"auto, (max-width: 690px) 100vw, 690px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Stochastic oscillator<\/strong>: The indicator slowly moves downward, suggesting that the overall downward trend in exchange rates may be a correction.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Price Action<\/strong>: The price is currently forming a double top structure. If it falls below the support line, which is the neckline support price of the M pattern, the market price may fall down deeply. On the contrary, if the support price does not break today, the euro will continue to rise.&nbsp;<\/li>\n\n\n\n<li><strong>Moving average<\/strong>: The black 65-period moving average coincides with the neckline, which increases the difficulty of breaking through this support line.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>Ultima Markets MT4 <mark class=\"has-inline-color has-black-color\">Pivot Indicator<\/mark><\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"690\" height=\"518\" src=\"https:\/\/www.umtradings.com\/vn\/wp-content\/uploads\/sites\/16\/2023\/11\/3-8.png\" alt=\"Ultima Markets MT4 Pivot Indicator for EUR\/USD\" class=\"wp-image-5720\" style=\"aspect-ratio:1.332046332046332;width:690px;height:auto\" srcset=\"https:\/\/www.umtradings.com\/vn\/wp-content\/uploads\/sites\/16\/2023\/11\/3-8.png 690w, https:\/\/www.umtradings.com\/vn\/wp-content\/uploads\/sites\/16\/2023\/11\/3-8-300x225.png 300w\" sizes=\"auto, (max-width: 690px) 100vw, 690px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li>According to the pivot indicator in <a href=\"https:\/\/www.umtradings.com\/trading\/trading-platforms\/mt4\/\" target=\"_blank\" rel=\"noopener\" title=\"Ultima Markets MT4\">Ultima Markets MT4<\/a>, the central price of the day is established at 1.08572,\u00a0<\/li>\n\n\n\n<li><strong>Bullish Scenario<\/strong>: Bullish sentiment prevails above&nbsp; 1.08572, first target 1.08843, second target 1.09227;&nbsp;<\/li>\n\n\n\n<li><strong>Bearish Outlook<\/strong>: In a bearish scenario below 1.08572, first target 1.08194, second target 1.07918.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n","protected":false},"excerpt":{"rendered":"<p>Comprehensive EUR\/USD for November 17, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EUR\/USD for 17th November 2023.\u00a0 EUR\/USD Key Takeaways\u00a0 EUR\/USD Technical Analysis\u00a0 EUR\/USD Daily Chart Insights EUR\/USD 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion<\/p>\n","protected":false},"author":13,"featured_media":5721,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[6,11],"tags":[137,62],"class_list":["post-5717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-technical-analysis","tag-euro","tag-eurusd"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts\/5717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/comments?post=5717"}],"version-history":[{"count":0,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts\/5717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/media\/5721"}],"wp:attachment":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/media?parent=5717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/categories?post=5717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/tags?post=5717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}