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EUR/USD is unable to recover after the blows it received this week, and is trading in a narrow range on low ground. Thanksgiving in the US and more headlines in Europe could mean action later on. Here’s a quick update on technicals, fundamentals and community trends.

euro dollar november 25

Euro/Dollar around 1.33

EUR/USD Technicals

  • Asian session:  EUR/USD stabilized around 1.33..
  • Current Range between 1.3267 to 1.3334 – that turned into a minor line.
  • Further levels in both directions: Below  1.3267, 1.3114, 1.2920, 1.2722, 1.2587.  Above   1.3334, 1.3430, 1.3640, 1.37, 1.3830,  1.3950, 1.4030, 1.4030, 1.4160, and 1.4217.
  • 1.3267 significant lower support.
  • 1.3830 significant higher point – far away now.

EUR/USD Fundamentals

No data today due to Thanksgiving in the US and no scheduled European figures.

    EUR/USD Sentiment

    • The Irish government seems to have lost support to pass the plan – putting a big doubt over the feasibility of the bailout plan.
    • Spanish bond auction showed signs of contagion – yields are significantly higher.
    • It’s also important to note headlines from Portugal, which is already marked as the next domino.
    • Low trading volume expected due to US holiday, yet important news from Europe can find the market unprepared, meaning that technical levels could be temporarily broken. It’s risky trading now.
    • Currensee Community: 53% are long , 47% are short- yesterday we had more shorts. These are 1207 open positions in real accounts trading this pair at the moment.

    Want to see what other traders are doing in real accounts? Check out Currensee. It’s free..