EUR-USD Technical Analysis 26-Nov-2020

As discussed in the previous analysis based on the historical data - it seems the Euro Dollar pair is eyeing to break the major resistance at 1.19041. But danger still linger as there could be a huge potential of trap to go down and the volume gonna be big around 100 or more pips. Therefore at this point we will see if the support will hold at least at the current position 1.18051 or down to 1.17252. 

At the current position the posibility of fluctuations are very high as you can see - and of course it keeps pushing a little higher after it goes for corrections. While the pound dollar already break through passed the major resistance. There is strong potential for further uptrends for many months to come. 

So where is the danger trap in this uptrend? You can view this on the weekly time frame - as the market push high and higher probably pass the resistance there is a strong potential it could pull back big time because of the weekly MACD. That is very certain and it could trigger anytime based on any ridiculous fundamental data. See below charts below

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