EURUSD Daily Analysis – November 28, 2017

EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.1554. As long as the trend line support holds, the fall from 1.1961 could be treated as consolidation of the uptrend, and further rise towards 1.2092 (Sep 8 high) previous high is possible after the consolidation. Near term support is at 1.1850, followed by the trend line now at around 1.1785. Only a clear break below the trend line support could indicate that the uptrend had completed at 1.1961 already, then the pair would find next support level at 1.1712.

EURUSD 4-hour chart