Analysis and forecasts for the pair EUR / USD at 25/11/16
During Friday's session, we should see a continuation of today's gains. No readings in the first part of the day and the limited activity of investors from the US, should support demand. In this variant, after crossing the 1.0567 level, the demand should direct towards 1.0585 (maximum of Thursday). Another goal remains the level of 1.06, while the maximum goal for the moment, seem to be the last peaks located at levels 1,0649-57.
Whereas afternoon readings in the US, you should designate alternative variant, which assumes further declines. In this case, the correction again is completed. Supply should be directed toward 1,0492-1,0518 The maximum target for the supply seems to be support 1,0456-60. On the last of the levels I would expect activation of the demand side. Certainly last year's lows, should be a strong barrier to the supply side.
Whereas afternoon readings in the US, you should designate alternative variant, which assumes further declines. In this case, the correction again is completed. Supply should be directed toward 1,0492-1,0518 The maximum target for the supply seems to be support 1,0456-60. On the last of the levels I would expect activation of the demand side. Certainly last year's lows, should be a strong barrier to the supply side.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.