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EURUSD Daily Forecast: November 02

Tuesday, November 1, 2016 18:01
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EURUSD Forecast    
The EURUSD had a bullish momentum yesterday topped at 1.1069. As you can see on my H1 chart below price broke above the upper line of the bullish channel after bounced from H1 EMA 200 support, suggests a strong and valid bullish condition. The bias is bullish in nearest term testing 1.1150. Immediate support is seen around 1.1000. A clear break back below that area could lead price to neutral zone in nearest term but only a clear break back below 1.0950 would end the current bullish phase. Overall I remain neutral.

eurusdhourly

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