Euro Trading Review

On November 28, 2025, trading of the euro was quiet over the US Thanksgiving holiday, with price movements staying around significant technical levels. The currency pair is at a critical juncture, with support and resistance areas that could influence its direction. However, the broader trends are largely tied to movements in the US dollar.

Early on Thursday, trading showed some volatility but overall lacked enthusiasm, which is understandable given that many traders in the US were not active due to Thanksgiving. Currently, the market is approaching an interesting point, testing both the 50-day EMA and a downtrend line established since recent highs.

It seems crucial to watch how the situation unfolds. Fridays can often be pivotal, but many Americans take the day off after Thanksgiving, which might lead to lower market activity. Should there be any decline, traders could look to target the 1.15 level, followed by the 200-day EMA, with a focus on the 1.14 level, which previously showed a notable rebound.

Future Key Levels

If the euro rises from its current position, the 1.17 level is significant as it holds psychological weight and might pave the way for a rally towards the 1.18 zone, which has been a key resistance point. Presently, there is some support, though despite several positive days, it seems to be holding up—at least for now. The US dollar, on the other hand, appears to have been oversold recently. It will be interesting to see if it stabilizes. Ultimately, many considerations hinge more on the dollar than on the euro itself.