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EURUSD Daily Forecast: November 23

Tuesday, November 22, 2016 20:54
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EURUSD Forecast    
The EURUSD was indecisive yesterday formed a Doji on daily chart. The bias is neutral in nearest term. Immediate resistance is seen around 1.0657 (yesterday’s high). A clear break above that area could trigger further bullish pressure testing 1.0700/50 region. On the downside, 1.0550 – 1.0450 remains a key support and good place to buy with a tight stop loss. Overall I remain neutral as price has been moving sideways without clear direction since January as you can see on my daily chart below.

eurusddaily

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