26.11.201917:32 Forex Analysis & Reviews: EUR/USD for November 26,2019 - Bear flag pattern in play, watch for further downside move

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EUR/USD has been trading sideways at the price of 1.1015. Anyway, I expect-further downside break due to bearish flag in creation and short-term downward trend. Watch for selling opportunities with the targets at 1.0992 and 1.02946.

MACD Oscillator is showing downside pressure in the background and it seems that current rally is only corrective for the more downside.

Resistance levels are seen at the price of 1.1031 and 1.1048

Support levels are seen at the price of 1.0992 and 1.0946.

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