EURUSD Daily Forecast Nov 10 2015

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Outlook in EURUSD remains on the downside as long as 1.0800 resistance holds on a daily closing basis, support comes at the 1.0653 levels, a halt is likely, but a cut would open 1.0500 next, further down, support comes at the 1.0325 levels.

On the upside, resistance comes at the 1.0800 levels, a break will turn outlook neutral towards the 1.0935 levels before the next fall.

Conclusion: The EURUSD continues to face downside threats below 1.0800 levels, above 1.0800 faces a recovery risk towards the 1.0935 levels.

Intraday: As long as 1.0725 support holds on a 4-hour closing basis, the pair remains in a pullback mode and further upside couldn’t be ruled out towards 1.0800 levels before the next fall, below 1.0725 will restore the downside momentum…

EURUSD Daily Forecast Nov 10 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS