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EURUSD Daily Forecast: October 31

Sunday, October 30, 2016 22:24
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EURUSD Forecast    
The EURUSD had bullish momentum last week topped at 1.0991. As you can see on my H1 chart below, price is moving inside a bullish channel and above EMA 200 after bounced from 1.0850 suggests a potential bullish phase. The bias is bullish in nearest term testing 1.1050. Immediate support is seen around 1.0950. A clear break below that area could lead price to neutral zone in nearest term testing the lower line of the bullish channel and 1.0900 support area. Overall I remain neutral.

eurusdhourly

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