forecast EURUSD

27 nov 2023

The Euro/Dollar currency pair EUR/USD ends the trading week with a bullish correction near the 1.0960 area. The trend is still in continued bearish which indicates pressure from sellers of the European currency and a likely continuation fall down. At the moment, we should expect an attempt to develop a rise in the pair’s quotes and a test of the resistance area near the level of 1.0995. Where is the expected rebound downwards and the continuation of the fall of the Euro Dollar. A potential target for decline is the area below the level of 1.0275.