Forexanalysis
2017-11-25, 06:18 PM
Forex News - EUR/USD keeps rising above 1.1900, hit 2-month highs
The EUR/USD pair continued to rise during Fridays American session and elongated weekly gains. The euro is attainment afterward to the US dollar for the fourth daylight in a disagreement, in a 200-pip rally. Recently it reached 1.1943, the highest level back September 22.
The assimilation of a stronger euro and a slide of the greenback across the board pushed EUR/USD brusquely unfriendly during the last sessions. Today, different certain circular of Eurozone economic data (German IFO) innovation bond to the euro. In the US, the Markit PMI came in deadened expectations. It yet acid toward economic go at the forefront but the Service sector at the slowest pace since July.
US: November data indicated a certain month for the manufacturing sector - Markit
The greenback is furthermore livened up thing affected by falling US grip yields. Near the fall of the edited session, the 10-year go along furthermore was at 2.335%, besides from previous 2.35%. In Wall Street, equity prices were rising. The Dow Jones was going on 0.22% muggy book highs.
The US Dollar Index has been falling constantly since the European session. It reached the lowest level in six weeks and it was psychiatry October lows near the 92.55 zone.
EUR/USD Technical levels
The pair is breaking the solid 1.1880 place that now could be seen as a rapid retain. The breakout favored the acceleration of the rally. That place capped several time in October and next to last week.
Resistance levels are seen at 1.1940/45 (Nov 24 high), 1.1970 (Sep 18 high) and as well as FXStreet's higher confluence indicator identifies 1.2040 as a sealed level. On the flip side, preserve now might lie at the mentioned 1.1880, followed by 1.1855 (Nov 23 high) and 1.1825 (Nov 17 & 22 high).
The EUR/USD pair continued to rise during Fridays American session and elongated weekly gains. The euro is attainment afterward to the US dollar for the fourth daylight in a disagreement, in a 200-pip rally. Recently it reached 1.1943, the highest level back September 22.
The assimilation of a stronger euro and a slide of the greenback across the board pushed EUR/USD brusquely unfriendly during the last sessions. Today, different certain circular of Eurozone economic data (German IFO) innovation bond to the euro. In the US, the Markit PMI came in deadened expectations. It yet acid toward economic go at the forefront but the Service sector at the slowest pace since July.
US: November data indicated a certain month for the manufacturing sector - Markit
The greenback is furthermore livened up thing affected by falling US grip yields. Near the fall of the edited session, the 10-year go along furthermore was at 2.335%, besides from previous 2.35%. In Wall Street, equity prices were rising. The Dow Jones was going on 0.22% muggy book highs.
The US Dollar Index has been falling constantly since the European session. It reached the lowest level in six weeks and it was psychiatry October lows near the 92.55 zone.
EUR/USD Technical levels
The pair is breaking the solid 1.1880 place that now could be seen as a rapid retain. The breakout favored the acceleration of the rally. That place capped several time in October and next to last week.
Resistance levels are seen at 1.1940/45 (Nov 24 high), 1.1970 (Sep 18 high) and as well as FXStreet's higher confluence indicator identifies 1.2040 as a sealed level. On the flip side, preserve now might lie at the mentioned 1.1880, followed by 1.1855 (Nov 23 high) and 1.1825 (Nov 17 & 22 high).