EURUSD Daily Analysis – November 24, 2017

EURUSD is facing 1.1879 resistance. A breakout of this level could signal resumption of the uptrend from 1.1554, then next target would be at 1.2000, followed by 1.2092 (Sep 8 high). Near term support levels are at 1.1770 and 1.1712. Below these levels could trigger further decline towards 1.1554. Breakthrough here will indicate that the downtrend from 1.2092 has resumed, then the following bearish movement could take price to 1.1400.

EURUSD 4-hour chart