Majors Daily Forecast Nov 28 2017

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EURUSD: Faces Pullback Threats!

As long as 1.1895 support holds on a daily closing basis, the EURUSD remains neutral with risk to the upside, a failure to hold below the 1.1895 level could mean a return to the 1.1936 levels where a break will aim the 1.2005 levels ahead of the 1.2059 levels (main), above 1.2059 will target the 1.2165 levels.

On the downside, below 1.1895 sees a pullback threats to the 1.1860/1.1821 levels, further down, support comes at the 1.1730 levels.

Conclusion: The EURUSD continues to face upside threats above the 1.1895 levels with risk to the 1.2005/1.2095 levels, below 1.1895 sees a pullback threats to the 1.1860/1.1821 levels.

blankGBPUSD: Consolidates With Upside Bias!

As long as 1.3282 support holds on a daily closing basis, the GBPUSD remains on the upside to the 1.3350 levels ahead of the 1.3442 levels, further upside, resistance comes at the 1.3585 levels. Below 1.3282  sees a pullback threat to the 1.3207/1.3135 levels before another rising.

blankUSDJPY: Sees Further Bearish Momentum

As long as 111.88 resistance holds on a daily closing basis, the USDJPY remains on the downside to the 110.82 levels ahead of the 110.05 levels, further down, support comes at the 109.23 levels. Above 111.88 sees a recovery risk to the 112.70/113.50 levels where another fall is very likely.

blankUSDCHF: Bearish, Eyes Further Downside!

As long as 0.9846 resistance holds on a daily closing basis, the USDCHF remains on the downside to the 0.9755 levels, further¬†down will aim the 0.9708/0.9678 levels ahead of the 0.95578 levels. Above 0.9846 sees a recovery risk to the 0.9915/0.9970 levels where another fall is likely, next resistance comes at the 1.0037 levels…

blankDaily Events: Today the focus will be on;

  1. BOE Gov Carney Speaks at 07:30 GMT.
  2. Fed governor Jerome Powell, selected by President Donald Trump as the next Fed chair, appears before the Senate Banking Committee for his confirmation hearing at 14:45 GMT.
  3. The U.S will release data on CB Consumer Confidence at 15:00 GMT.

 

 

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