Technical analysis of EUR/USD 11/27/2020

The EUR/USD currency pair is in an uptrend on the daily timeframe. The pair found support at 1.1600 (MA100) and is currently trading in the 1.1920 area, aiming for an annual high of 1.2000, which is a psychological resistance level. Cancellation of the pair growth will be a decline below 1.1800, which will indicate a break through the uptrend line coinciding with MA100 and will be a signal for a possible continuation of the decline to the key support at 1.1600.

EURUSD_STPDaily27

Created by Joshua Hayn

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