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EURUSD Daily Forecast: November 16

Tuesday, November 15, 2016 18:49
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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.0816 but whipsawed to the downside and closed lower at 1.0719. The bias remains bearish in nearest term testing 1.0650. A clear break and daily close below that area would expose 1.0550 region. Immediate resistance is seen around 1.0770. A clear break above that area could lead price to neutral zone in nearest term testing 1.0850 area. Overall I remain neutral.

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  • EUR/USD has really dropped massively and I don’t think it’s looking like changing situation in coming days, so we might just see this continue. I trade with OctaFX broker where I get plenty of benefit and advantage which comes with the marvelous features and facilities that include having lowest possible spread from 0.1 pips to high leverage up to 1.500 while there is also smooth trading platform that further helps me out and when one is comfortable than performance is always better.

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