EURUSD WEEKLY OUTLOOK

28 de nov. de 2023

EURUSD
EURUSD is one of the major currency pairs. It means that it’s one of the most traded pairs in Forex. However, traders around the globe try to predict its future price for more than opening successful trades. The direction of EURUSD may reflect the strength of either the EU or US economy. Moreover, the EUR to US dollar rate may reflect the overall global market sentiment.

As the pair is widely traded, it may be hard to forecast its rate for the long term. The Euro/US dollar rate is subject to such factors as interest rate differences, inflation, jobs data, trade, and capital flows. Simultaneously, a large part of the pricing is also related to 'event' risks that cannot be gauged in advance. Let's go more in-depth in this Euro to Dollar forecast and analysis of technical indicators.

Technically
The price can be stabilized at the bullish zone after reversing at its lower

reached the strong support zone which is 1.0468
And pushed up, and will continue to get 1.1033 and then 1.1453

Breaking 1.0393 will support falling to 1.0150 and 0.9580 which is the low of a two-decade

and stabilizing above it will continue for the bullish trend to get 1.1453 during the parallel channel