Forecast and technical analysis EURUSD on November 27, 2018.

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EURUSD: bulls disappointed by Draghi’s speech

Previous:
On Monday the 26th of November, trading on the EURUSD pair closed down. In the first half of the day, the pair rose from 1.1340 to 1.1384. Support was provided to the euro by the drop in Italian 10-year bond yields to 3.170%, which occurred in response to the Italian government hinting that it may be willing to cut its deficit target for next year.

Forecast and technical analysis EURUSD on November 23, 2018.

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EURUSD: a breakout of the trend line is expected

Summary:
On Thursday the 22nd of November, the euro closed slightly up. High volatility was observed during the European session in connection with the news on Brexit and Italy. The euro/dollar rate rose to 1.1434, after which it stabilised near the trend line at 1.14. Sellers did not pass through this trend line, as US markets were closed and volumes were lowered due to the holiday.

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