EURUSD Daily Forecast Nov 30 2016

EURUSD, Continues To Consolidate...

euro-dollar-594

EURUSD, Continues To Consolidate…

Outlook in EURUSD is 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, immediate support comes at the 1.0590 levels ahead of the 1.0547  levels (main), 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 above the 1.0547 levels in the short term forecast …

eurusd-daily-forecast-nov-30-2016

MARKET DATA

UPCOMING ECONOMIC EVENTS