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FX.co ★ EUR/USD analysis for November 27, 2017

EUR/USD analysis for November 27, 2017

EUR/USD analysis for November 27, 2017

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1957. According to the 30M time - frame, I found a broken symmetrical triangle, which is a ign that buyers are in control. I also found the price is trading above the intraday pivot (1.1904), which is another sign of strength. My advice is to watch for potential buying opportunties. The upward targets are set at the price of 1.1970 (pivot resistance 1) and at the price of 1.2010.

Resistance levels:

R1: 1.1970

R2: 1.2010

R3: 1.2078

Support levels:

S1: 1.1863

S2: 1.1796

S3: 1.1755

Trading recommendations for today: watch for potential buying opportunities.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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