November 22, OctaFX – The euro is currently struggling to find an intraday directional bias against the US dollar, as the Italian budget issue and Brexit negotiations create uncertainty for traders and investors.
The EURUSD pair is also suffering from low trading volumes, as the United States is observing Thanksgiving Holiday. Overall, a clear break from the 1.1355 to 1.1470 price range is currently needed before a short-term trend can once again be established.
EURUSD Technical Analysis
- The EURUSD pair is only bearish while trading below the 1.1355 level, key technical support is found at the 1.1330 and 1.1300 levels.
- If the EURUSD pair trades above the 1.1470 level, key technical resistance is found at the 1.1500 and 1.1553 levels.
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