empty
 
 
25.11.2021 04:18 PM
Trading signal for EUR/USD on November 25 - 26, 2021: buy above 1.1230 (4/8)

In the European session, the EUR / USD pair fell to the low of 1.1185. From this level, it is rebounding and is now approaching 4/8 of murray located at 1.1230. The overall trend continues to be bearish.

Trading volumes are low, with US markets closed due to Thanksgiving holiday. The market is expected to make a strong technical correction next week as it is the end of the month.

The minutes of the FOMC meeting in November were published yesterday. Traders found out that the majority of the Committee advocates for increasing the pace at which the Fed will cut its bond purchases. Besides, the FOMC expects an increase in the official funds rate from the second half of 2022.

This image is no longer relevant

The US Dollar Index (#USDX) is trading around the 8/8 of murray in 96.70. This is an extremely overbought level. We expect that in the next few days, there will be a correction of the dollar which would enable EUR / USD to gain ground.

On the 1-hour chart, the pair is trading below a downtrend channel formed since November 9. A sharp break above this channel and a consolidation above the 4/8 of murray (1.1230) could be the start of a recovery movement and we could expect the euro to rise to the 200 EMA located at 1.1303.

The market sentiment report for today, November 25, shows that there is 71.00% of operators who are buying the EUR / USD pair. This data provided a bullish sign so that we could expect a recovery to 1.1303. Then, the price may again resume its downward movement with the target at 1.1108 (3/8).

Our forecast in the next few hours for the euro is a consolidation above 1.1230. As long as EUR / USD is trading above this zone, we will have an opportunity to buy with the target at 1.1303. If 200 EMA is broken, we could buy with targets at 1.1420 (top of bearish channel).

Support and Resistance Levels for November 25 - 26, 2021

Resistance (3) 1.1306

Resistance (2) 1.1280

Resistance (1) 1.1235

----------------------------

Support (1) 1.1168

Support (2) 1.1142

Support (3) 1.1108

***********************************************************

A trading tip for EUR/USD November 25 - 26, 2021

Buy above 1.1230 (4/8) with take profit at 1.1305 (200 EMA) and 1.1420 (top bearish channel), stop loss below 1.1185.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $1000 lebih lagi!
    Dalam Jun kami membuat cabutan bertuah $1000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget