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27.11.202405:02 Forex Analysis & Reviews: Forecast for EUR/USD on November 27, 2024

Rilevanza fino a 21:00 2024-11-27 UTC--5

Yesterday, the euro closed above 1.0483, with the opening and closing candles positioned higher. The Marlin oscillator supported the price's upward movement with its growth. This opens the way for the price to target the 1.0590-1.0636 range. If this range is surpassed, further growth into the 1.0724/77 range becomes possible.

Exchange Rates 27.11.2024 analysis

The prolonged decline in gold and oil raises concerns, as these trends could pull the euro lower without allowing for a significant correction.

The U.S. stock market is also nearing a technical turning point. If these risks materialize—resulting in a drop in market valuations—the euro could fall below 1.0350 without even testing the nearest resistance range.

Exchange Rates 27.11.2024 analysis

On the H4 chart, the price is tangled between indicator lines and the 1.0449/83 range. The Marlin oscillator's signal line has formed a small triangle that could break in either direction. The euro is awaiting new data to determine its next move.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2024
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