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EURUSD Daily Forecast: November 18

Thursday, November 17, 2016 21:31
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EURUSD Forecast    
The EURUSD continued its bearish momentum yesterday broke below 1.0650 and hit 1.0581 earlier today in Asian session. The bias remains bearish in nearest term testing 1.0550 – 1.0450 region. As you can see on my daily chart below, price is now moving near the lower line of the range area, which is a good place to buy with a tight stop loss below 1.0450. Immediate resistance is seen around 1.0650. A clear break back above that area could lead price to neutral zone in nearest term testing 1.0700 region. Overall I remain neutral.



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  • Ahmed

    Things have been really unpredictable and the way it’s going, I believe this is what can continue in future as well, so got to be very brave to predict anything. I am always careful with how I go about doing everything because I don’t want to be chasing the market. I keep it all easy with OctaFX broker using their swap free account which is very helpful and saves me from paying unnecessary fees and charges, so it keeps me relaxed.

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