In long-term trends, we would be buyers for this pair, despite small recent pullback. We expect plenty of support around 1.15 handle, but also plenty of resistance near 1.20 area.
EUR/USD Daily Forecast – 30 November
Euro was initially pushed higher in the course of the yesterday's session but pair found plenty of resistance above 1.1880 area, and the pulled back going all the way to 1.1820 area where pair found some amount of support and managed to rebound by the end of the session in order to finish the day around 1.1850 area. Tomorrow, focus will be on Eurozone CPI figures. Any type of supportive candles around 1.1820 and 1.18 area would be short-term buying signal, while resistive candles above 1.1880 and 1.1920 level would be short-term selling opportunity.
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