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EURUSD Daily Forecast: December 02

Thursday, December 1, 2016 19:31
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(Before It's News)

EURUSD Forecast    
The EURUSD failed to continue its bearish momentum yesterday topped at 1.0668. The bias is neutral in nearest term. As you can see on my H1 chart below price is moving inside a range area and we need a clear break from the range area to see clearer direction. A clear break and daily/weekly close above 1.0700 could trigger further bullish pressure testing 1.0850 next week. On the downside, key support remains at 1.0550 – 1.0450 region which is a good place to buy with a tight stop loss. Overall I remain neutral.

eurusdhourly

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