EUR/USD Currency Day Trading Signals – Nov 30

Some strength in early trading as the the pair moved above minor resistance at 1.5020.  There is a resistance area between 1.5060-1.5100 and so far that level has held, as the pair currently trades at 1.5057.  Beyond 1.5100 is resistance at 1.5140.  A break beyond 1.5150 would indicate another swing higher.  With the average daily range sitting around 130 pips it would require a beyond average volatility day to move beyond this former high.

Support is at 1.5000, 1.4970 and 1.4950.  If needed, further support is at 1.4920.

Keep an eye on the US session, with the holiday last week the US session could be lively, although there is little in the way of economic data due out today.

Today’s action is expected to be contained with the range which is visible on the hourly chart.

Cory Mitchell, CMT
Chief Market Strategist
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