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Nov 26 - 11:55 AM

EUR/USD - No Thanksgiving Day Celebrations For EUR/USD Traders

By Jeremy Boulton  —  Nov 26 - 09:35 AM
  • U.S. holiday suppresses activity and EUR/USD slips away from a major level

  • EUR/USD traders broadly hope pair tests 2020 high at 1.2014 soon

  • Today EUR/USD opened 1.1926 in Europe, traded 1.1941 early then dipped

  • Pair reached a 1.1885 low before climbing to 1.1900

  • Low represents a dip into hourly Ichimoku cloud, pair back above top 1.1895

  • Hourly cloud base 1.1865 and 200-HMA at 1.1870 offer support below

  • Daily Ichimoku cloud 1.1813-1.1766 and 100-DMA 1.1762 are strong support

  • Is EUR/USD rallying at the wrong time? nL1N2IC0EJ




EURUSD Click here

EUR/USD hourly Click here

Source:
Refinitiv IFR Research/Market Commentary

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