EURUSD Daily Forecast Nov 28 2018

EURO - dollar - 65985-

EURUSD: Bearish, Eyes On 1.1225 Level…

The EURUSD maintained a bearish momentum yesterday, topped at 1.1343 and bottomed at 1.1276 level. This development leaves the pair targeting the 1.1225 level. A halt is likely, it may test 1.1276 before attempts breaking below 1.1225 level. Anyway; below 1.1225 aims 1.1155 level, further down, support comes at 1.1080 level.

On the upside, resistance comes at 1.1343 level, above that level sees recovery threats to 1.1410/1.1473 level where rejection is likely. Above 1.1473 will turn outlook bullish to 1.1550 level.

Conclusion: The EURUSD sees downside threats below 1.1343 level.

Support: 1.1276, 1.1225, 1.1155, 1.1080

Resistance: 1.1343, 1.1410, 1.1473, 1.1550

EURUSD Daily Forecast Nov 28 2018Key data/events which may affect EURUSD today:

The U.S will publish revised data on third-quarter growth at 13:30 GMT, and a report on new home sales at 15:00 GMT.

Fed Chairman Jerome Powell will speak in New York at 17:00 GMT.

MARKET DATA

UPCOMING ECONOMIC EVENTS