Weekly Forex Forecast

The US dollar bounces from support on last trading day of the week. Last week volume was thin as there was Holiday as of Thanks Giving’s Day. Strong selling in technological stock brings major index down. As result Demand for Greenback Currency USD established.

The Euro remains weak due to the Brexit and developments in EU. That will favor the US, mainly because of rate hikes coming from the United States.

Technical Forecast:

EUR/USD Support and Resistance Level

Support: 1.1120
Resistances: 1.1500

The Euro rally in early trade of week but found resistance at 1.15. The Euro keeps on battling because of the Brexit, and the issues between the EU and Italy.

1.15 levels is a major resistance and I think at this point it’s going to be difficult to get above there.

eurusd forecast 26Nov-30Nov

 

Trading Range: 1.1120-1.1500


GBP/USD Support and Resistance Level

Support: 1.2680
Resistances: 1.3000

Pound Dollar GBP/USD pair closes to the 1.2851 regions. Keeps trading in tight range now we can anticipate that will test the region close to the 1.2980
We can easily see the chart of GBP/USD pair taking support near 1.2680 and facing resistance around 1.3083.

gbpusd forecast 26Nov-30Nov

Trading Range: 1.2660-1.3000

 

 

Leave a comment

Your email address will not be published. Required fields are marked *


Get Connected
Follow Us

Get connected with us on social networks!


Quick Enquiry