EURUSD Daily Forecast Nov 30 2018

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EURO - dollar - 65985-

EURUSD: Bearish Bias Below 1.1387 Levels…

As long as 1.1387 resistance holds on a daily closing basis, the EURUSD remains neutral with risk to the downside. A failure to hold above 1.1387 level on a daily closing basis could mean a return to 1.1285 level. A cut would open 1.1225 level, further down, support comes at 1.1155 level.

On the upside, above 1.1387 sees a recovery threat to 1.1470 level, further upside, resistance comes at 1.1150 level.

A sustained breakout above 1.1387 is needed to push the pair to 1.1473 level, otherwise; it will return to 1.1365 where a cut will open 1.1285.

Conclusion: The EURUSD sees consolidation with downside risk below 1.1387 level.

Support: 1.1365, 1.1285, 1.1225, 1.1155

Resistance: 1.1387, 1.1420, 1.1473, 1.1550

Key data/events which may affect EURUSD today:

U.S President Donald Trump and his Chinese counterpart Xi Jinping are due to meet on the sidelines of the G20 conference in Buenos Aires.

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