EURUSD Daily Forecast Nov 27 2018

EURO - dollar - 65985-

EURUSD: Still Faces Pullback Threats…

As long as 1.1368/1.1410 resistance holds on a daily closing basis, the EURUSD remains in a pullback mode and further down couldn’t be ruled out. Support comes at 1.1285, a halt is likely but a cut would extend the corrective pullback to 1.1215 level, further down, support comes at 1.1130 level.

On the upside, immediate resistance comes at 1.1368 ahead of 1.1410 level. Above 1.1410 will restore the upside momentum and aim 1.1463 level, a break will turn the focus on 1.1530, further upside, resistance comes at 1.1617 level.

Conclusion: The EURUSD remains exposed to the downside below 1.1410/1.1368 level.

EURUSD Daily Forecast Nov 27 2018