EURUSD Daily Forecast Nov 28 2016

EURO -dollar - 69875

EURUSD, Recovers With Caution,Eyes The 1.0665/1.0708 Levels…

Outlook in EURUSD has turned neutral at the moment, the pair remains in a recovery mode as long as trades above the 1.0547/1.0590 levels and further upside could be seen in EURUSD, but upside move above 1.0547 should be limited by the 1.0665/1.0708 levels where fall resumption is likely, above the 1.0708 will extend recovery to the 1.0850 levels.

On the downside, below 1.0590 should weaken recent recovery, below 1.0547 will restore the downside momentum and turn the focus on the 1.0470/1.0415 levels,further down, support stands at the 1.0360 levels ahead of the 1.0255 levels…

Conclusion: The EURUSD continues to face recovery threats in the short term forecast above the 1.0547 levels…

eurusd-daily-forecast-nov-28-2016

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