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EURUSD Daily Forecast: November 01

Monday, October 31, 2016 19:33
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EURUSD Forecast    
The EURUSD was indecisive yesterday. Price attempted to push lower, bottomed at 1.0935 but closed higher at 1.0980 after touched the H1 EMA 200 as you can see on my H1 chart below. The bias is neutral in nearest term probably with a little bearish bias testing the lower line of the bullish channel located around 1.0900 but as long as stay inside the bullish channel price is still in a bullish phase and any downside pullback should be seen as a good opportunity to buy with a tight stop loss below the bullish channel and 1.0900 support area. Immediate resistance is seen around 1.1000 followed by 1.1050 as nearest bullish target. Overall I remain neutral.

eurusdhourly

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