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EURUSD Daily Forecast: November 22

Monday, November 21, 2016 21:15
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EURUSD Forecast    
The EURUSD was corrected higher yesterday but overall still able to maintain its bearish intraday bias. The bias remains bearish in nearest term testing 1.0550 – 1.0450 support area which remains a good place to buy with a tight stop loss. Immediate resistance remains 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 as price has been moving sideways without clear direction as you can see on my daily chart below.

eurusddaily

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  • EUR/USD at the moment I really mixed, therefore, it’s very hard to see any clear direction till December, so it will be interesting to see how things roll out in coming weeks. I am not much worried at all and that’s thanks to OctaFX broker who provides me with daily market news and analysis updates, it’s easy yet highly effective and enables me to perform really well and I am able to gain plenty of profits out of it making it all work well.

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