EUR/USD Forecast 26 Nov 12

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By ltan | November 26, 2012 3:21 AM EST

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Good day forex traders.

In the previous EUR/USD forecast we noted that a bearish slide brought the currency pair to the region of 1.27 which was the immediate support.

 

Solution : ProRealTime

Technical Analysis

Looking at the EUR/USD chart above we note that the currency pair failed to punch through the 1.27 line. It became bullish and is currently testing the strong resistance of 1.3. As seen above with regardless to the dotted red line, there is a possibility of it hopping right back to a bullish channel. Having said so, there are many fundamental considerations now and hence expected the unexpected. Always manage your exposure.

Don’t miss the fundamental analysis,

continue on to TheGeekKnows.com for the fundamental analysis of the EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.

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