empty
 
 
27.11.2015 02:20 PM
Technical analysis of EUR/USD for November 27, 2015

This image is no longer relevant

Technical outlook and chart setups:

The EUR/USD pair is seen to be trading lower around 1.0583 at the moment, but be aware of the bullish divergences (not shown) on the chart setups. Bears might be surprised and the pair may hit the 1.0690 levels followed by 1.0763. It is recommended to remain flat and let the first resistance break at the 1.0690 levels before planning to go long. Aggressive traders might want to initiate 50% long positions with risk around the 1.0530 levels. Immediate support is seen at the 1.0565 levels (interim), while resistance is seen at the 1.0690 levels and higher.

Trading recommendations:

1. Conservative setup is to remain flat for now.

2. Aggressive setup is to go long, stop is at 1.0530, target is open.

Good luck!

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback