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EURUSD Daily Forecast: November 28

Sunday, November 27, 2016 20:04
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EURUSD Forecast    
The EURUSD was indecisive last week formed a Doji on weekly chart. As you can see on my daily chart below, we have a Doji after price failed to make a clear break below 1.0550 key support, followed by a higher low and high suggests potential bullish pullback. The bias is bullish in nearest term testing 1.0700/50 region. Immediate support is seen around 1.0600. A clear break below that area could lead price to neutral zone in nearest term testing 1.0550 – 1.0450 region which remains a key support and good place to buy with a tight stop loss below 1.0450. Overall I remain neutral.



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  • Ahmed

    Currently, it’s fair to say that the market situation is fairly stable without any major movement taking place, but days ahead is going to be quite thrilling to watch with many events lined up to set the market on fire, so it will be interesting to look out at it. I can always be very aggressive and the biggest reason for this is OctaFX broker with their stunning features and facilities including low spreads from 0.1 pips for all major pairs while there is also bonus, so all very handy!

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