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EURUSD Daily Forecast: November 07

Sunday, November 6, 2016 20:45
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EURUSD Forecast    
The EURUSD had a bullish momentum last week closed at 1.1138 but gapped lower earlier today opened at 1.1054. The bias is neutral in nearest term. Overall price is still trapped between 1.1125 – 1.1050 range area as you can see on my H1 chart below. A clear break above 1.1125 could trigger further bullish pressure testing 1.1200 – 1.1270 area. On the other hand, a clear break below 1.1050 would expose 1.1000 or lower. Overall I remain neutral.

eurusdhourly

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