EURUSD Daily Forecast Nov 27 2015

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“EURUSD: Sees Consolidation; Looks To Recapture Minor Resistance!”

No change, outlook in EURUSD remains neutral, immediate risk has shifted to the upside towards minor resistance at the 1.0688 levels, a halt is likely and falls resumption remains in sight, however; a breakthrough the 1.0688 levels will put the pair in recovery mode, If seen, focus will turn on 1.0762/1.0829 levels…

On the upside, resistance comes at the 1.0640 levels ahead of the 1.0688 levels, stability below resistance levels will keep the pair under pressure, immediate support comes at the 1.0615 levels, a clear break-daily closing- below the 1.0615 levels will build strong pressure on the 1.0565 levels, If 1.0565 fails to hold, further down will be in sight towards the 1.04700 levels.

Conclusion: The EURUSD continues to face sideways move within 1.0565/1.0688 range with possible to break lower, above 1.0688 will open the 1.0762/1.0829 levels, below 1.0565 will turn focus on the 1.04700 levels…

Intraday support comes at the 1.0591 levels, a clear break below this level on a 4-hour closing basis may expose daily chart support 1.0565…

Note: EURUSD may end the month around or above monthly support 1.0730……….

EURUSD Daily Forecast Nov 27 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS

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