Technical Outlook for Majors 26/11/2015
 

EURUSD
The Euro fell sharply yesterday, after recovery rally was capped at 1.0690, initial resistance zone , daily 10SMA / 4-hour Ichimoku cloud base and subsequent weakness dipped to fresh 7-month low at 1.0564.
Bears dominate on all timeframes, favoring final push towards initial 1.0519 support, low of 13 Apr and key target at 1.0461, 2015low, posted on 13 Mar.
The pair closed in red yesterday, but above psychological 1.06 handle, along with long-legged daily candle, signaling extended consolidation, despite yesterday