EURUSD Daily Forecast Nov 10 2015


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