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<p>The EUR/USD pair is advancing beyond the 38.2% retracement of the 1.18103 to 1.14330 decline. Price is close to testing the 50% level at 1.16163. While the bullish trend for the 20 SMA is critical as it is testing the 23.6% retracement and add credence to the bullish trend. RSI is at 65 and slows down to indicate the positive but anti-overbought market conditions. In the same chart, the 100 SMA started to pierce the 200 SMA from above which will exert an enormous pressure above to establish a strong resistance. A further gain till 1.1660 can be realised if the resistance gets overcome in next week. Support level could be held at 61.8%, 1.15245.</p>

Happy Friday for EUR

Dec 01 2020