EUR/USD - Overview as of 27.11.2024

Financial and commodity markets analytics


Today, we see the realization of the scenario described earlier, in which the market is trying to consolidate above 1.0450, the decline below which was short-lived. The consolidation is taking place and the background for it is the expectation of traders to wait for a number of important publications in the USA, including data on GDP, labor market, inflation and personal consumption expenditures. New data may lead to the growth of quotations volatility. The levels and zones described earlier remain relevant. However, in order to make trading decisions, it is necessary to follow the market behavior after the publication of statistics.