EURUSD Slumps as Bears Take Charge of Its Momentum for the 4th Consecutive Day

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.

EURUSD Price Analysis – November 25

The Euro slumped on Monday into early European trading, while unable to hold much of the recovery overnight, despite positive news, the dominant trend stays negative. At the same time, the bears face headwinds and may maintain prolonged consolidation, but should remain fully active while staying beneath the base of a daily horizontal level at 1.1055.

Key Levels

Resistance Levels: 1.1450, 1.1250, 1.1178
Support Levels: 1.0000, 1.0989, 1.0879

EURUSD Long term Trend: Bearish

At this moment, the rebound from the level at 1.0879 is considered a corrective move first. If there is a further increase, the increase should be limited to the retracement from the level at 1.1450 to 1.0879.

Whereas the downward trend since the level at 1.1450 (high) may resume at a later phase. Meanwhile, a sustained break of the level at 1.1412 may mitigate this bearish outlook and lead to a stronger increase in the retracement to the upper zone afterward.

EURUSD Short term Trend: Bearish

The EURUSD intraday bias stays down with support on the level at 1.0989. A break may reaffirm that the corrective hike from the low level at 1.0879 is over to the level at 1.1178. We must then see that the further fall retest the level of 1.0879 again.

Although on the upside, above the level at 1.1032, a minor resistance may first neutralize intra-day bias. But the risk may stay down as long as the resistance of the level at 1.1097 may stay intact, in case of recovery. Although the currency is experiencing a range in the short term, it could be a correction, as the long-term trend stays bearish.

Instrument: EURUSD
Order: Sell
Entry price: 1.1032
Stop: 1.1097
Target: 1.0879

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *