In long-term trends, we would be buyers for this pair, despite this pullback. We expect plenty of support around 1.15 handle, but also plenty of resistance near 1.20 area.
EUR/USD Daily Forecast – 29 November
Euro spent yesterday's session in a decline breaking below 1.19 handle and with a daily closing around 1.1960 area. Decline was mostly caused by positive US reports. As for tomorrow, we would pay attention to US GDP figures and Yellen's testimony. Any type of supportive candles around 1.1830 and 1.18 area would be short-term buying signal, while resistive candles above 1.19 and 1.1930 level would be short-term selling opportunity.
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