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Daily EUR USD Technical Analysis 25th November, 2016

Daily EUR USD Technical Analysis 25th November, 2016

EUR USD Technical Analysis 25th November, 2016

EUR USD Technical Overview

Prev. Close      1.0554
Open               1.0554
Day’s Range   1.0539 – 1.0570
52 wk Range   1.0538 – 1.1616
1-Year Return – 0.69%

Technical Support and Resistance

In terms of EUR USD Technical analysis the EUR/USD pair will find its immediate support at 1.0547. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0541 and 1.0534. On the other side the market has immediate resistance 1.0561. If, market breaks the primary resistance level then, market will go for the new resistance level 1.0567 and 1.0574.

Expected trading range for today is between 1.0539 supports and 1.0570 resistances.

Today, we do not have much economic news out of the euro or the US region and so we can expect the EUR USD pair to continue consolidate with a bullish bias for the rest of the day as the markets wind down for the week.

Along with technical analysis following economic event is very important to analyze the financial market properly.

Upcoming Important Economic News in EUROPE: (GMT +2)

  1. Italian Retail Sales m/m