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28.11.2023 10:11 AM
EUR/USD and GBP/USD: Trading plan for beginner traders on November 28, 2023

Details of the Economic Calendar on November 27

On Monday, the macroeconomic calendar was almost empty, and the only thing worth noting was the data on new home sales in the United States, where a decline of 5.6% was recorded. This indicator turned out to be negative for the country's economy.

Analysis of Trading Charts from November 27

The EUR/USD currency pair approached the local high of the current upward cycle. This move led to a slight reduction in the volume of long positions, but the upward trend is still maintained in the market.

The GBP/USD pair again updated the local high in the current upward cycle. Since the beginning of November, the value of the British pound has strengthened by more than 4%, which is about 500 points.

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Economic Calendar on November 28

Today, data on the House Price Index in the United States will be released, which is expected to rise by 0.4% (month-on-month). Considering the significant decrease in sales volumes, especially in the secondary market, the price increase may be considered more as a negative factor, hindering the real estate market's recovery. According to this logic, the U.S. dollar may come under pressure from sellers.

EUR/USD Trading Plan for November 28

In the current situation, price stabilization above the level of 1.0950 could well initiate an update of the local high. In perspective, such a movement may strengthen the euro towards the range of 1.1000/1.1050.

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GBP/USD Trading Plan for November 28

Subsequent growth could well trigger a price movement towards the resistance level of 1.2700. It is worth noting that an increasing level of overbought conditions is already observed in the market, which could negatively impact the volume of long positions in the future.

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What's on the charts

The candlestick chart type is white and black graphic rectangles with lines above and below. With a detailed analysis of each individual candle, you can see its characteristics relative to a particular time frame: opening price, closing price, intraday high and low.

Horizontal levels are price coordinates, relative to which a price may stop or reverse its trajectory. In the market, these levels are called support and resistance.

Circles and rectangles are highlighted examples where the price reversed in history. This color highlighting indicates horizontal lines that may put pressure on the asset's price in the future.

The up/down arrows are landmarks of the possible price direction in the future.

Gven Podolsky,
الخبير التحليلي لدى شركة إنستافوركس
© 2007-2024
EUR
Summary
Buy
Urgency
1 day
Analytic
Vladislav Tukhmenev
Start trade
كسب عائد من تغيرات أسعار العملات المشفرة مع إنستافوركس.
قم بتحميل منصة التداول ميتاتريدر 4 وافتح أول صفقة.
  • Grand Choice
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  • إيداع الحظ
    قم بإيداع 3,000 دولار في حسابك واحصل على $3,000 وأكثر من ذالك!
    في نوفمبر نحن نقدم باليانصيب $3,000 ضمن حملة إيداع الحظ!
    احصل على فرصة للفوز من خلال إيداع 3,000 دولار في حساب تداول. بعد أن استوفيت هذا الشرط، تصبح مشاركًا في الحملة.
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  • تداول بحكمة، اربح جهازا
    قم بتعبئة حسابك بمبلغ لا يقل عن 500 دولار ، واشترك في المسابقة ، واحصل على فرصة للفوز بأجهزة الجوال.
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  • بونص 100٪
    فرصتك الفريدة للحصول على بونص 100٪ على إيداعك
    احصل على بونص
  • بونص 55٪
    تقدم بطلب للحصول على بونص 55٪ على كل إيداع
    احصل على بونص
  • بونص 30٪
    احصل على بونص 30٪ في كل مرة تقوم فيها بتعبئة حسابك
    احصل على بونص

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