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EUR Daily Review November 28, 2019

EUR Daily Review for November 28, 2019

EUR Futures: a deeper pullback looks unlikely

In light of advanced data for EUR from CME Group, investors added just 59 contracts to their open interest positions on Tuesday, prolonging the errati

 

EUR/USD Price Probing Support Ahead of US Data Releases

EUR/USD remains just above 1.1000 in thin trading conditions with support at 1.0981 likely to be tested if US data releases this afternoon confirm the strength of the US economy.

 

EUR/JPY meets daily resistance near 120.30, the 21-day SMA

After once again testing daily highs near 120.30, EUR/JPY came under selling pressure and is now hovering around the 120.10 area. EUR/JPY looks to dat

 

When is the US GDP report and how could it affect EUR/USD?

Wednesday’s US economic docket highlights the release of Preliminary (revised) US Q3 GDP growth figures, scheduled to be published at 13:30 GMT. The s

 

EUR/GBP off daily highs, back to 0.8540

The better tone in the British pound forced EUR/GBP to recede from tops just below the 0.8600 handle to the current area in the mid-0.8500s. EUR/GBP w

 

EUR/USD Technical Analysis: The 1.10 area keeps holding the downside

EUR/USD remains in the area of 2-week lows around the key 1.10 handle. Above the 55-day SMA at 1.1041 the downside pressure should alleviate and allow

 

EUR/JPY Technical Analysis: Struggles for direction above 120.00

EUR/JPY appears to have met a tough nut to crack in the 120.30 region so far this week, where sits the key 21-day SMA. Immediately to the upside emerg

 

EUR/USD Re-Tests Confluent Support as USD Grinds at Resistance

Both the US Dollar and EUR/USD are testing big areas on the chart, and mean reversion would be a typical approach going into a holiday. But this isn’t typical.

 

Euro Slides in Thin Trading Session on EU-US Trade War Headlines

EUR/USD briefly fell below 1.1000 amid reports that the US would proceed with tariffs on the EU.

 

EUR/USD Technical Analysis: Euro under pressure near 1.1000 handle after the London close

On the daily chart, the euro/dollar currency pair is trading in a downtrend below its main daily simple moving averages (DMAs).

 

EUR/JPY Technical Analysis: Euro challenging 120.43 key resistance against yen

EUR/JPY is trading in a bear trend below its 200-day simple moving average (DMA). The spot is correcting the October rally as the market remains capped by the

 




EUR/USD and GBP/USD Forecast November 28, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

Euro Forecast: On Weak Footing as November Winds Down; No ECB Rate Cuts Due

The Euro has lost modest ground thus far in November, even as ECB rate cut expectations have evaporated for the next 12-months.

 

Euro Forecast: EUR/USD Selloff Ahead of Key EU, German Data?

EUR/USD is on the verge of breaking below key support which may precede an aggressive selloff. Eurozone confidence data and German CPI statistics may be the catalysts.

 

EUR/USD: Bulls need a big beat on German CPI

EUR/USD is operating on slippery grounds and will likely have a hard time defending key support, unless German inflation data, due at 13:00 GMT, blows

 

EUR/USD: 1.0989 to be a notable interim pivot – TD Securities

The TD Securities Analysts provide key levels for trading the EUR/USD pair in the day ahead, adding that the downside remains more compelling below th

 

EUR/JPY: Bulls step in at 21-hour MA despite likely Chinese retaliation

EUR/JPY has been offered from a high of 120.58 to a low of 120.32 in the Asian session and has taken on the 21-hour moving average as a support level

 

Have a nice trading!




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