EUR/USD, Tuesday forecast, November 26
Today no any important news for market, so trading going to be technical.Forecast and technical analysis
Downtrend
The downtrend may be expected to continue in case the market drops below support level 1.1003, which will be followed by reaching support level 1.0987.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1.1020, which will be followed by moving up to resistance level 1.1031 and 1.1051.
Weekly forecast: November 25 – 29
Downtrend
The downtrend may be expected to continue in case the market drops below support level 1.1015, which will be followed by reaching support level 1.0987 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.0940.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1.1096, which will be followed by moving up to resistance level 1.1169.
Monthly forecast, November – December
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 1.1200, which will be followed by reaching support level 1.1072 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.0940, in other case market can have correction back to resistance 1.1200.
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 1.1200, which will be followed by reaching resistance level 1.1370.
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