EURUSD Daily Forecast: December 01
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.
Source: http://fxinstructor.com/blog/eurusd-daily-forecast-december-01-5
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