EUR/USD Weekly Forecast: November 26 - December 2
The EUR/USD reached mid-term highs last week before experiencing a selloff due to reduced trading volume during the U.S. Thanksgiving holiday. However, the currency pair's ability to climb higher during light trading suggests that behavioral sentiment believes it had been oversold. As trading volume returns to normal this week, speculators will be watching for momentum and the impact of speeches by U.S. Fed officials. While reversals lower are possible, if risk appetite and equity indices remain strong, the EUR/USD could continue to rise. Day traders should use risk management and conservative leverage, with a speculative price range of 1.08290 to 1.10470.