EUR/USD Daily Forecast – 28 November

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Monday, Nov 27 2017

EUR/USD Daily Forecast – 28 November

Euro was initially pushed higher in the course of the yesterday's session but found resistance above 1.1950 handle and then pulled back going all the way to 1.19 area by the end of the session. Tomorrow, focus will be more on US news. Any type of supportive candles around 1.1870 and 1.1850 area would be short-term buying signal, while resistive candles above 1.1950 and 1.1980 level would be short-term selling opportunity.

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

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

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