Published: 27 November 2025,03:33
Chart The Market
EURUSD, H4:
The EURUSD pair has confirmed a significant bullish trend reversal, completing a well-defined inverse head-and-shoulders pattern with a decisive break above the neckline resistance. The subsequent follow-through buying has propelled the pair to two-week highs, establishing a new near-term bullish bias.
The pattern completion suggests measured move objectives toward the 1.1650 area, with interim resistance expected near the 1.1600 psychological level. The successful defense of the neckline support, now converted to dynamic support, provides a technical foundation for further upward movement.
Momentum indicators strongly corroborate the bullish structural shift. The Relative Strength Index (RSI) has advanced into overbought territory, reflecting intense buying pressure, while the Moving Average Convergence Divergence (MACD) has surged above its zero line and is exhibiting bullish divergence. This configuration confirms that bullish momentum is accelerating.
The pair now faces its next significant test at the 1.1600 resistance zone. A decisive break above this barrier would open the path toward the 1.1650 objective, while any retracement should find support near the former neckline around 1.1520-1.1540. The convergence of the completed reversal pattern with strengthening momentum indicators establishes a constructive technical framework for continued near-term appreciation.
Resistance Levels: 1.1620, 1.1705
Support Levels: 1.1540, 1.1450
Nasdaq, H4
The Nasdaq Composite has executed a significant technical breakout, decisively overcoming its primary long-term downtrend resistance level. This structural break suggests a substantial shift in market dynamics and establishes a bullish near-term bias for the technology-focused index.
The successful breach of this key resistance level, which had previously contained multiple rally attempts, indicates strengthening institutional conviction and likely triggers systematic buying programs. The breakout establishes a new technical foundation that supports further upward progression, with the next significant resistance projected near the 26,000 psychological level.
Momentum indicators strongly validate the bullish structural shift. The Relative Strength Index (RSI) has advanced into overbought territory, reflecting intense buying pressure, while the Moving Average Convergence Divergence (MACD) has completed a bullish crossover above its zero line and continues to trend higher. This configuration confirms that bullish momentum is not only present but accelerating.
The former resistance level now transitions to crucial support, with any retracement likely to find buying interest in this zone. For the bullish scenario to remain valid, the index should maintain its footing above this support level. The convergence of the structural breakout with strengthening momentum indicators suggests the Nasdaq may be entering a new phase of sustained upward movement, though traders should remain alert for potential consolidation as the RSI indicates near-term overbought conditions.
Resistance Levels: 25,400.00, 25,780.00
Support Levels: 25,070.00, 24,780.00
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