EURUSD
The EUR/USD pair is trading within a narrower range due to the Thanksgiving holiday in the US, while positive statements aiming to end the conflict between Israel and Lebanon are drawing attention. Ceasefire news will be monitored in today's meetings. It is expected to be a busy day for US data, with the Conference Board Consumer Confidence and FOMC meeting minutes standing out. The pressure on the dollar index, influenced by Trump's plans for additional tariffs on China, Mexico, and Canada, affected Asian markets and may indirectly impact the pair.
Technically, the EUR/USD pair is moving below the resistance levels of 1.051 and 1.056, while support levels of 1.0445, 1.039, and 1.036 are being monitored. The current price of the pair is around 1.04799, showing a decrease of 0.15% during the day. The RSI indicator is currently in a neutral stance, indicating the market's effort to determine direction. It can be considered that a new downward wave could be triggered if the pair falls below the 1.039 level. However, breaking through the 1.051 and 1.056 levels during recovery movements will be crucial for the continuation of the upward trend.
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