What to expect? (2011-11-30 EUR/USD analysis)

Beating-the-estimate consumer confidence helped to raise the world's equity indexes, and the volatility is moving in the expected way as well. The week should be easier to everyone.

Let's see the Euro today.
















Above is the 4-Hour EUR/USD chart.

After there might be some good measures to ease Europe debt problems, the price of Euro has finally stopped plunging and gained a bit. However, it reaches a strong resistance level given by the red down-trend line.

The chart could give you some hints what to do next and what to expect. I am having quite a good view on it, but it depends on which way it will breakout.

Good luck.