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EURUSD Daily Forecast: December 01

Wednesday, November 30, 2016 19:17
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EURUSD Forecast    
The EURUSD had a bearish momentum yesterday bottomed at 1.0552. The bias is bearish in nearest term but as you can see on my H1 chart below price has been moving sideways inside a range area. On the downside, 1.0550 – 1.0450 region remains a good place to buy with a tight stop loss below 1.0450. Immediate resistance is seen around 1.0630. A clear break above that area could lead price to neutral zone in nearest term testing 1.0685 – 1.0700 region. Overall I remain neutral.

eurusdhourly

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  • There are so many events line up in December; it will be really interesting to see how it all pends out. I trade with http://www.tradewisefx.com/ and with them, it’s just close chapter with tension. I am incredibly relaxed and comfortable working with them and it benefits me in every way and enables me to perform very well and brings plenty of rewards too!

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