EUR/USD bullish bias remains intact

EUR/USD bullish bias remains intact

2020-11-25 • Updated

2020_11_24_15_44_29_Template1_PowerPoint.png

EURUSDM30.png

2020_11_24_15_40_59_Template1_PowerPoint.png

EURJPYM30.png

Ichimoku Kinko Hyo

EUR/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.

EURJPYM30 ich.png

Fibonacci Levels

XAG/USD: Silver after a remarkable sell off is trading significantly lower.

XAGUSDH4.png

Market View

Stocks, oil, and risk currencies gained on Tuesday as the formal go-ahead for US President-elect Joe Biden to begin his transition burnished a November already boosted by Covid-19 vaccines. President Donald Trump tweeted that he had told his team "do what needs to be done with regard to initial protocols", an indication he was moving toward a transition. The euro was gaining towards $1.19 again and the dollar index, which tracks the greenback against a basket of six major rivals, nudged down to 92.235. Gold continued to lose its shine too, falling to $1,826.3 an ounce having now dropped 10% this month. Brent crude futures rose 45 cents, or 1%, to $46.51 a barrel to add to a more than 20% surge this month.

 

Key Point

  • BOJ's Kuroda supports that central bank measures have helped with global pickup
  • Russia says first international deliveries of its Sputnik V vaccine to follow in January
  • Gold slips by 1% on the day as $1,800 draws closer

TRADE NOW

Similar

Dollar keeps lower to start the new day
Dollar keeps lower to start the new day

The dollar was down on Wednesday morning in Asia, despite caution over the new B.1.1.7 strain of the COVID-19 virus pushing investors turn toward safe-haven assets.

Latest news

Gold: trade the sideways move
Gold: trade the sideways move

How to trade the gold price while it's oscillating between 1 837 and 1 864? Read the article, and you'll know how!

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera