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EURUSD Daily Forecast: November 21

Sunday, November 20, 2016 20:03
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EURUSD Forecast    
The EURUSD continued its bearish momentum last week bottomed at 1.0569. As you can see on my daily chart below price is moving near the lower line of the range area which is a key support at this phase. The bias remains bearish in nearest term testing 1.0550 – 1.0450 support area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.0650. A clear break above that area could lead price to neutral zone in nearest term testing 1.0700 or higher. Overall I remain neutral.

eurusddaily

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