EUR/USD

- USD (-)

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Type:	Forex
Ticker:	EURUSD
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EUR/USD - Seems Ready to Post a Green Period After the Small Correction - 11/30/2017 (GMT)

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Timeframe : Daily

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EUR/USD Chart

The world’s most traded currency pair – the EUR/USD – posted a neutral to positive day following two negative sessions. The price failed to extend its gains and rebounded on the 1.1960 resistance level and tried to hit the 100-day SMA, which is slightly below the 1.1815 support level. However, it is worth to mention that the pair earned some ground from the two previous months losses and is ready to close the month in green, adding more than 1.8% to its performance.The next level to have in mind is the 1.1960 resistance level or moreover the 1.2035 barrier. An alternative scenario is a break below the 1.1815 obstacle until the 1.1690 support. On the daily timeframe, the RSI indicator is sloping to the upside, while the MACD oscillator is weakening in the positive territory.

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