FX.co ★ Technical analysis of EUR/USD for November 27 to December 1

Trend analysis

This week, EUR/USD will continue its upward movement from the level of 1.0939 (closing price of the last weekly candle) to the 76.4% retracement level of 1.1089 (red dashed line), followed by a decline.

Fig. 1 (weekly chart)

Comprehensive analysis:

Indicator analysis - upward

Fibonacci levels - upward

Volumes - upward

Candlestick analysis - upward

Trend analysis - upward

Bollinger bands - upward

Monthly chart - upward

Conclusion: The indicators point to an upward movement in EUR/USD.

Overall conclusion: The pair will have a bullish trend, with no first lower shadow on the weekly white candle (Monday - upward) and a second upper shadow (Friday - downward).

Therefore, during the week, euro will rise from 1.0939 (closing price of the last weekly candle) to the 76.4% retracement level of 1.1089 (red dashed line), followed by a decline.

Alternatively, it could move upwards from 1.0939 (closing price of the last weekly candle) to the 76.4% retracement level of 1.1089 (red dashed line), and then go further to higher price levels.