By: Doug Rosen
I will begin my analysis with the daily timeframe. Once again price begins its day at the 61.8 fib level around .8609 Price is also in a bit of a range between .8595 and .8620
Price action seems to be closer to resistance levels than to support so I would watch for price to fall.
On the 4 hour timeframe price is just under the 38.2 fib level and the 144 ema around .8616
On the 1 hour timeframe the ema's are bunched together and narrow Bollinger bands so there is lower than usual volatility in the market probably due to the American Thanks Giving holiday.