EURUSD Daily Analysis – November 29, 2016

EURUSD broke above 1.0657 resistance, indicating that the downtrend from 1.1299 had completed at 1.0518 already. Further rally is possible in a couple of days, and the target would be at 1.0800 area. Resistance is now at 1.0800, as long as this level holds, the downtrend could be expected to resume, and another fall to test 1.0462 (Mar 13, 2015 low) support is still possible.

eurusd chart