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26.11.202018:02 Forex Analysis & Reviews: Evening overview of EUR/USD for November 26. Options of how to trade

Exchange Rates 26.11.2020 analysis

1-hour chart for EUR/USD

A breakout of 1.1920 upwards cleared up the matter. The pair is gaining the bullish momentum.

Importantly, the pair has never closed the trading day at the level above 1.1920.

Today American trading markets are shut on the occasion of Thanksgiving Day. Nevertheless, the thin market does not cancel the trend.

Therefore, let me warn you about a possible fake breakout.

In conclusion, there is a trading good idea to sell from 1.1880 with stop loss at 1.1925.

The upward target level will be determined later.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2022
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