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EURUSD Daily Forecast: November 24

Wednesday, November 23, 2016 21:33
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EURUSD Forecast    
The EURUSD had a bearish momentum yesterday bottomed at 1.0526. The bias is bearish in nearest term testing 1.0450, but from a longer term perspective as you can see on my daily chart below, price is at the lower line of the range area, a key support and good place to buy with a tight stop loss below 1.0450. Immediate resistance is seen around 1.0565. A clear break above that area could lead price to neutral zone in nearest term testing 1.0615 or higher. On the downside, a clear break below 1.0450 would activate my bearish mode.

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