EURUSD Daily Forecast Nov 17 2015

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Outlook in EURUSD remains on the downside as long as 1.0757 resistance holds on a daily closing basis, support comes at the 1.0685 levels ahead of the 1.0653 levels, stability below the 1.0685 levels will keep the pair under heavy pressure and may expose the 1.0653 levels and open the 1.0500 levels, further down, support comes at the 1.0365 levels.

On the upside, above 1.0685 could mean a return to the 1.0757 levels, a halt is likely, but a break would open 1.0829 levels before the next fall.

Conclusion: The EURUSD continues to face downside threats below 1.0757 levels, above 1.0757 faces a recovery risk towards the 1.0829 levels before the next fall.

EURUSD Daily Forecast Nov 17 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS