EURUSD Daily Forecast Nov 24 2015

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Outlook in EURUSD remains on the downside as long as 1.0656 resistance holds on a daily closing basis, support comes at the 1.0565 levels, a cut through the 1.0565 will open 1.04700 next, further down, support comes at the 1.0365 levels.

On the upside, resistance comes at the 1.0656 levels, a break will turn outlook neutral towards the 1.0762/1.0829 levels before the next possible fall…

Conclusion: The EURUSD continues to face downside threats below the 1.0656 levels, above 1.0656 faces a recovery risk towards the 1.0762/1.0829 levels before the next fall…

Intraday: On the 4-hour timeframe, the pair tries to bottom around 1.0591, neckline comes at the 1.0656 levels, a break will activate the bullish divergence and pave the way towards the 1.0762/1.0829 levels, a clear break below the 1.0591 may expose the 1.0565 and open the 1.04700 levels…

EURUSD Daily Forecast Nov 24 2015

EURUSD Daily Forecast Nov 24 2015_H4

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