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ICBC Global Market: FX Market Update - November 27, 2018
On Monday (November 26), President of European Central Bank Draghi admitted previously that the economic development in Eurozone slowed down and the rate of EUR against USD declined, retrograding the previous growth. USD index closed at 94.074 after a rise of 0.16%. EUR against USD closed at 1.1326 after a decline of 0.12%. USD against JPY closed at 113.59 after a rise of 0.58%. The resistance and support levels of EUR against USD are expected to be 1.1476 and 1.1176 respectively. The resistance and support levels of USD against JPY are expected to be 115.09 and 112.09 respectively.