Technical analysis of EUR/USD for November 27, 2020
Trading idea for the EUR/USD pair
The decline of the US dollar, associated with the expectations for a massive stimulus package in the US, carried the EUR/USD pair to 1.19000.
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Technical analysis of EUR/USD for November 27, 2020
The EUR/USD pair is in uptrend without any reversal patterns because there is nothing new in this market, it is not bearish yet. Since the third November 2020, the EUR/USD pair continued moving upwards from the bottom of 1.1603. So, the pair rose from the level of 1.1603 to the top around 1.1941.
Technical analysis of GBP/USD for November 27, 2020
The GBP/USD pair is trying to settle below the top of 1.3396.The trend of GBP/USD pair movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 1.3396 and 1.3285.
Trading plan for the EUR/USD pair on November 27. Growth in COVID-19 incidence has stalled. The euro may continue climbing up, but other scenarios are also possible.
It seems the situation with COVID-19 has finally stabilized.
EUR/USD: The euro is struggling to move due to a number of reasons.
Yesterday's minutes from the European Central Bank pointed to the poor state of the eurozone economy in the 4th quarter, which could force the European regulator to again resort to expanding its asset repurchase program.
EUR/USD. November 27. COT report. ECB minutes confirm Christine Lagarde's concerns.
Bull traders took the course at 1.2027. However, with the current growth rate, the European currency can reach this level in a couple of weeks
GBP/USD. November 27. COT report. The European Union and France accuse the UK of unwillingness to reach compromises and of dragging out negotiations
The time of the conclusion of a trade agreement or complete failure is coming. The British pound is waiting for results and is trading in a narrow price range
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AUD/USD: Next goal is the level of 0.7430
The US dollar index continued to decline towards the level of 0.91 again, after a temporary correction. On the other hand, the AUD/USD pair plans to reach the resistance level of 0.7430.
Indicator analysis. Daily review for the GBP/USD currency pair 27/11/2020
Yesterday, the pair moved down and tested the support line at 1.3342 (white bold line).Today, the price may continue to move up. No news on the market is expected today.
Indicator analysis. Daily review for the EUR/USD currency pair 27/11/2020
Yesterday, the pair moved within the side channel, first moving up and testing the upper fractal at 1.1920 (daily candle from 09.11.2020) before going down, testing the pullback level of 14.6% at 1.1891 (red dotted line). Today, the market is likely to continue moving up. No news on the market is.
Markets' optimistic mood might be replaced by the start of a correction
There was a low activity throughout the global market yesterday due to the absence of American traders as they celebrated Thanksgiving. Today, a short trading session is expected due to the continuation of this national holiday.
GBP/USD: plan for the European session on November 27. COT reports. Pound keeps pushing in the channel
In yesterday's morning forecast, I advised you to open short positions when a false breakout is formed in the resistance area of 1.3395, which is what happened. The bears reached the breakout of 1.3354 in the afternoon, and testing it from the bottom up formed an additional entry point for short.
EUR/USD: plan for the European session on November 27. COT reports. ECB minutes weigh on euro
In my morning forecast, I paid attention to buy positions from the 1.1929 level after a breakout and getting the pair to settle above this range, which happened. I marked an entry point for long deals after testing the 1.1929 level from top to bottom on the 5-minute chart. If you read the afternoon.
Fractal analysis for major pairs on November 27
According to the results, the euro/dollar pair is expected to move to the level of 1.1968. The key support level is 1.1892. As for the pound/dollar pair, growth is expected after the level of 1.3381 breaks down. The key support level is 1.3291. On the other hand, for the dollar/franc pair, the.
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