EURUSD Daily Forecast Nov 13 2015


Outlook in EURUSD has turned neutral at the moment, resistance comes at the 1.0829 levels, sustained breakout-daily closing- above the 1.0829 levels will put the pair in recovery mode, If seen, further upside towards 1.1030/1.1108 levels is likely.

Alternatively, a failure to hold above the 1.0829 levels on a daily closing basis could mean a return to the 1.0704 levels, a cut through the 1.0704 levels may expose the 1.0653 levels, further down support comes at the 1.0500 levels.

Conclusion: The EURUSD continues to face downside threats below the 1.0829 levels, above 1.0829 faces a recovery risk towards the 1.1030/1.1108 levels.

(Intraday support comes at the 1.0766 levels ahead of the 1.0695 levels).

EURUSD Daily Forecast Nov 13 2015