EUR/USD: forecast for Nov. 27 - Dec. 1

EUR/USD managed to recover and close last week above 1.1900.

At the start of the week, the euro was hurt by political uncertainty in Germany coalition talks failed. However, the single currency has quickly managed to recover as investors focused on a strong growth outlook for the euro area. According to the minutes of the European Central Bank’s October meeting, members of the Governing Council agreed to reduce monetary stimulus program, but some of them were against setting the distinct date of its end. If the ECB hasn’t pledged to maintain asset purchases until September 2018, the euro would probably trade even higher.

The euro zone’s manufacturing and services PMI, as well as German Ifo business climate, exceeded the forecasts. Given the strong fundamentals, any declines of the euro will likely be temporary.

The economic calendar for the euro contains such information as German retail sales & preliminary CPI and flash estimate of CPI for the entire euro area.

Next obstacles for EUR/USD will be at 1.2015 and 1.2090. Support is at 1.1865 ahead of 1.1780.


Latest news

Risk On: Market Outlook for May 16-20
Risk On: Market Outlook for May 16-20

Gold is about to break the most significant support. The US dollar index keeps gaining momentum. However, the situation might change this week, and we might see a tiny correction. Investors might return to risk-on and push the US stock market indices and cryptocurrencies to the upside. These and more trade ideas are in our new weekly video! Do not miss it!

IT CAN'T BE REAL | 5 assets to trade on May 9-13
IT CAN'T BE REAL | 5 assets to trade on May 9-13

This week is likely to be pivotal for many assets, including gold, USD, and several stocks. However, we need to be focused and react fast to the ever-changing environment to get the most from it.

Deposit with your local payment systems

Be on top of your game

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.


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

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