Categories: Technical analysis

EURUSD Wave Analysis 27 November 2024

– EURUSD reversed from support area

– Likely to rise to resistance level 1.0620

EURUSD currency pair recently reversed up from support area located at the intersection of the long-term support level 1.0455 (previous yearly low from 2023) and the lower weekly Bollinger Band.

The upward reversal from the support level 1.0455 will form the weekly Bullish Engulfing if the pair closes this week near the current levels.

Given the oversold weekly Stochastic and the strength of the support level 1.0455, EURUSD currency pair can be expected to rise to the next resistance level 1.0620 (former support from May).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: EURUSD

Recent Posts

JPMorgan Chase Wave Analysis – 18 December 2025

JPMorgan Chase: ⬇️ Sell - JPMorgan Chase reversed from resistance area - Likely to fall…

9 hours ago

EURUSD Wave Analysis – 18 December 2025

EURUSD: ⬇️ Sell - EURUSD reversed from resistance area - Likely to fall to support level…

9 hours ago

AUDJPY Wave Analysis – 18 December 2025

AUDJPY: ⬆️ Buy - AUDJPY reversed from support area - Likely to rise to resistance…

10 hours ago

Palladium Wave Analysis – 18 December 2025

Palladium: ⬆️ Buy - Palladium broke multi-month resistance level 1600.00 - Likely to rise to resistance…

10 hours ago

GBPUSD. Current situation #tradelikeapro #trading #tradingstrategy #tradingshorts #gbpusd #gbp

Today is Thursday, the 18th of December, and we'll be talking about the British pound…

15 hours ago

Bitcoin is holding, while Solana is on the edge

Bitcoin remains stable near $87K, outperforming altcoins, while Solana faces key support at $120. Institutional…

17 hours ago

This website uses cookies