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EURUSD Daily Forecast: November 29

Monday, November 28, 2016 22:03
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EURUSD Forecast    
The EURUSD was indecisive yesterday formed a Doji on daily chart. As you can see on my H1 chart below, price slipped above the H1 EMA 200 but moving back below the EMA 200 suggests a limited/weak bullish pressure. The bias is neutral in nearest term probably with a little bearish bias. Immediate resistance is seen around 1.0625. A clear break above that area could trigger further bullish pressure testing 1.0685 or higher. On the downside, 1.0550 – 1.0450 region remains a key support and good place to buy with a tight stop loss. Overall I remain neutral.

eurusdhourly

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