EURUSD Daily Analysis – November 28, 2016

EURUSD is facing 1.0657 resistance, a break of this level will indicate that the downward movement from 1.1299 had completed at 1.0518 already, then further rally to 1.0800 area could be seen. On the downside, as long as 1.0657 resistance holds, the rise from 1.0518 could be treated as consolidation of the downtrend, further decline to test 1.0462 (Mar 13, 2015 low) support is still possible.

eurusd chart