EURUSD Daily Forecast Nov 12 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 support comes at 1.0750 ahead of 1.0695)….

EURUSD Daily Forecast Nov 12 2015