{"id":14802,"date":"2024-11-26T07:57:27","date_gmt":"2024-11-26T07:57:27","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=14728"},"modified":"2025-07-31T02:54:05","modified_gmt":"2025-07-31T02:54:05","slug":"forex-market-analysis-26-november-2024","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/analysis\/forex-market-analysis-26-november-2024\/","title":{"rendered":"Forex market analysis: 26 November 2024"},"content":{"rendered":"\n<p>The EUR\/USD started the week with a slight rebound from its recent lows. However, the pair remains under pressure due to a strong US dollar and economic concerns in the eurozone. With key economic data expected this week, traders are preparing for potential market moves.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>Bearish trends persist<\/strong><\/h1>\n\n\n\n<p>The EUR\/USD started the week on a positive note, rebounding from last week\u2019s lows around 1.0448\u2014a crucial level last seen in April 2023.<\/p>\n\n\n\n<p>The pair continues to face bearish pressure due to a strong US dollar and ongoing eurozone economic challenges. Key support is identified at 1.0425, while resistance is near 1.0500.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"442\" src=\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/11\/image-40-1024x442-1.jpeg\" alt=\"\" class=\"wp-image-14729\" srcset=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/11\/image-40-1024x442-1.jpeg 1024w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/11\/image-40-1024x442-1-300x129.jpeg 300w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/11\/image-40-1024x442-1-768x332.jpeg 768w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/11\/image-40-1024x442-1-500x216.jpeg 500w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/11\/image-40-1024x442-1-400x173.jpeg 400w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/11\/image-40-1024x442-1-350x151.jpeg 350w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/11\/image-40-1024x442-1-200x86.jpeg 200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">EUR\/USD stabilises near 1.0480, rebounding from lowes as it approaches resistance amid cautious market optimism, as seen on the <a href=\"https:\/\/apps.apple.com\/au\/app\/vt-markets-online-trading\/id1372647263?mt=8\" target=\"_blank\" rel=\"noopener\" title=\"VT Markets app\">VT Markets app<\/a>.<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Traders are closely monitoring this week\u2019s inflation reports and US consumer confidence data, as these could determine the pair\u2019s next directional move.<\/p>\n\n\n\n<p>The euro\u2019s ability to maintain levels above 1.05 will depend on shifts in market sentiment and the influence of upcoming US economic updates.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>Leadership shifts and market sentiment<\/strong><\/h1>\n\n\n\n<p>The euro gained some relief following Scott Bessent\u2019s appointment as the new US Treasury Secretary.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Morning Bid: Trump&#39;s Treasury pick boosts bond market as dollar eases <a href=\"https:\/\/t.co\/0e42VEa8dZ\">https:\/\/t.co\/0e42VEa8dZ<\/a> <a href=\"https:\/\/t.co\/BvK3ED0QPx\">pic.twitter.com\/BvK3ED0QPx<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1861208268485394645?ref_src=twsrc%5Etfw\">November 26, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>While his leadership has temporarily alleviated concerns over inflation tied to Trump\u2019s fiscal policies, caution persists.<\/p>\n\n\n\n<p>Expectations of aggressive economic strategies under Trump continue to weigh on market sentiment.<\/p>\n\n\n\n<p>Bessent\u2019s role has led to a pullback in Treasury yields, giving the euro a brief reprieve.<\/p>\n\n\n\n<p>However, the eurozone\u2019s economic outlook remains fragile, with weakening export demand and declining business sentiment adding to the region\u2019s challenges.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The ECB cautioned that the the euro zone could be facing another debt crisis if the bloc cannot boost growth, lower public debt and fix policy uncertainty. Nomura\u2019s George Buckley takes stock of what the bloc faces <a href=\"https:\/\/t.co\/ZTYcRXxDE5\">pic.twitter.com\/ZTYcRXxDE5<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1860060685591552034?ref_src=twsrc%5Etfw\">November 22, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Despite the euro\u2019s recent recovery, the US dollar continues its strong upward trajectory.<\/p>\n\n\n\n<p>The dollar index has posted gains for eight consecutive weeks, driven by expectations of Trump\u2019s pro-growth fiscal measures.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>Upcoming US releases to watch<\/strong><\/h1>\n\n\n\n<p>Critical US economic reports this week, including Q3 GDP figures, core PCE inflation data, and the FOMC minutes, are likely to influence the pair\u2019s movement.<\/p>\n\n\n\n<p>With the Thanksgiving holiday approaching, these events could significantly impact EUR\/USD dynamics.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Click <a href=\"https:\/\/www.vtmarkets.net\/trade-now\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\" target=\"_blank\" rel=\"noopener\" title=\"here\">here<\/a> to open account and start trading.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EUR\/USD started the week with a slight rebound from its recent lows. However, the pair remains under pressure due to a strong US dollar and economic concerns in the eurozone. With key economic data expected this week, traders are preparing for potential market moves. Bearish trends persist The EUR\/USD started the week on a <a href=\"https:\/\/www.vtmarkets.com\/tr-mena\/analysis\/forex-market-analysis-26-november-2024\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-14802","post","type-post","status-publish","format-standard","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/14802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=14802"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/14802\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=14802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=14802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=14802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}