EURUSD Daily Forecast Nov 07 2018

EURO - dollar - 65985-

EURUSD: Bullish, Risk Builds Up On 1.1520 Level…

As long as 1.1437 support holds on a daily closing basis, the EURUSD remains on the upside to 1.1520 level. A halt is likely, it may test 1.1437 before attempts to move higher. Anyway; above 1.1520 aims 1.1572 level, further upside, resistance comes at 11609 level.

On the downside, below 1.1437 opens 1.1390 before another rise, below 1.1390 sees a fall risk to 1.1313 level, further down, support comes at 1.1262 level.

Conclusion: The EURUSD sees upside threats above 1.1390 level.

Support: 1.1437, 1.1390, 1.1313, 1.1262

Resistance: 1.1520, 1.1572, 1.1609, 1.1655

MARKET DATA

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