EURUSD Daily Forecast Nov 04 2015

blank

Outlook in EURUSD has turned to the downside, immediate resistance comes at the 1.1030/1.1080 levels, support comes at the 1.0880 levels ahead of the 1.0800 levels, a halt is likely, but a cut would open 1.0653 next, further down, support comes at the 1.0500 levels.

On the upside, support comes at the 1.0880 levels, a failure to hold below the 1.0880 levels could mean a return to the 1.01030/1.1080 levels, further upside will pave the way towards the 1.1350 levels.

Conclusion: The EURUSD continues to face downside threats below 1.1030 levels.

EURUSD Daily Forecast Nov 04 2015

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

1 COMMENT

Comments are closed.