EUR/USD Daily Forecast – 27 November

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Saturday, Nov 25 2017

EUR/USD Daily Forecast – 27 November

Euro was pushed further higher in the course of the Friday's session with pair going all the way to 1.1940 area in the course of the session, where pair found some amount of resistance but managed to finish the week around 1.1930 level. With no major data releases on Monday we expect a bit steadier session. Any type of supportive candles around 1.1880 and 1.1850 area would be short-term buying signal, while resistive candles above 1.1960 and 1.1980 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair. We expect plenty of support around 1.15 handle, but also plenty of resistance near 1.20 area.

More in this category: « GBP/USD Daily Forecast – 27 November AUD/USD Daily Forecast – 28 November »

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