The currency broke 9-EMA up
lines intersected each other
left its oversold zone and now is returning back to its upper line
line is still heading down, confirming the downtrend
Next week several important indicators are being published
On Tuesday November 26-th - don't miss New home sales indicator for October. The forecast is +707K. We expect that the fact may be the same or even lower than the forecast ( MBA Mortgage applications in October rose modestly by 0,6%)
On Wednesday November 27-th the US GDP is being published. The forecast is +1.9%.We expect GDP at this forecasted level (retail sales slightly increased in Q3; trade balance improved; Wholesales inventories increased too)
Summary: we suggest you to trade following the trend and depending on the further situation. If EUR/USD breaks 1,11000 - we might expect that Euro will rise to 1,11800. Otherwise - it is possible that EUR/USD will return to 1,10293.