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EURUSD Daily Forecast: November 03

Wednesday, November 2, 2016 20:54
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(Before It's News)

EURUSD Forecast    
The EURUSD continued its bullish momentum yesterday topped at 1.1123 but closed a little bit lower at 1.1097. The bias remains bullish in nearest term testing 1.1150 (daily EMA 200). A clear break and daily close above that area would expose 1.1270 region. Immediate support is seen around 1.1050. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear testing 1.1000 area. Overall I remain neutral.



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