EURUSD Daily Forecast Dec 01 2015

Short term outlook in EURUSD remains neutral at the moment, support comes at the 1.0565 levels while resistance comes at the 1.0688 levels…

On te downside, support comes at the 1.0565 levels, a clear break below this level will resume the bearish trend and open the 1.04700 levels, further down, support comes at the 1.0365 levels…

On the upside, resistance comes at the 1.0615 levels, a break would open main resistance at the 1.0688 levels, If this resistance is taken out, further gains will be in sight towards the 1.0762/1.0829 levels…

Conclusion: The EURUSD continues to face sideways move within 1.0565/1.0688 range with possible to break lower, above 1.0688 will open the 1.0762/1.0829 levels, below 1.0565 will turn focus on the 1.04700 levels…

Intraday: According to the 4-hour timeframe, the pair is in a pullback mode as long as trades above the 1.0560 levels and further upside towards the 1.0603 couldn’t be ruled out, above 1.0603 will recapture daily chart resistance 1.0688…Below 1.0560 will restore the downside momentum and open 1.0500 /1.0450 levels…

EURUSD Daily Forecast Dec 01 2015

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