EURUSD Daily Forecast Nov 19 2015

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Outlook in EURUSD remains on the downside as long as 1.0685 resistance holds on a daily closing basis, support comes at the 1.0565 levels, a halt is likely, but a cut would open 1.0470 next, further down, support comes at the  1.0350 levels.

On the upside, resistance comes at the 1.0685 levels, sustained breakout-daily closing- above the 1.0685 levels will open 1.0757 levels before the next fall, however; above 1.0757 would challenge main resistance at the 1.0829 levels.

Conclusion: The EURUSD continues to face downside threats below 1.0685 levels, above 1.0685 faces a recovery risk towards 1.0757/1.0829 levels before the next fall…

Intraday support comes at the 1.0657/1.0630 levels, below 1.0630 will accelerate the expected bearish move…On the upside: above1.0715 on a 4-hour closing basis will open 1.0757 levels…

 

EURUSD Daily Forecast Nov 19 2015

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