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EURUSD Daily Forecast: November 08

Monday, November 7, 2016 19:46
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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.1110 but closed lower at 1.1039. As you can see on my H1 chart below, price slipped below the range area but still unable to break below the H1 EMA 200 support so far. The bias is neutral in nearest term, probably with a little bearish bias especially if price able to make a clear break below the H1 EMA 200 (1.1035) testing 1.0950 region. Immediate resistance is seen around 1.1060. A clear break back above that area could trigger further bullish pressure testing 1.1100 – 1.1125 area. Overall I remain neutral.

eurusdhourly

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