EURUSD AWAITING EUROPEAN MANUFACTURING DATA
The euro currency is trading close to the 1.1400 support level against the US dollar, ahead of the release of key November PMI Manufacturing data from the eurozone. The EURUSD pair has had a muted reaction to the news surrounding a potential soft Brexit deal between the UK and the EU. A clear technical break from the wedge pattern on the four-hour time frame will likely prompt the next directional move.
The EURUSD pair is only bearish while trading below the 1.1400 level, key technical support is found at the 1.1355 and 1.1330 levels.
If the EURUSD pair trades above the 1.1465 level, key technical resistance is found at the 1.1500 and 1.1553 levels.