EURUSD Daily Forecast Oct 27 2015

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Intraday outlook in EURUSD has turned neutral at the moment, the pair remains in a recovery mode as long as trades above the 1.1015 levels on a 4-hour closing basis, resistance comes at the 1.1070 levels, a halt is likely, but a break would open 1.1140 next, further upside, resistance comes at the 1.1200 levels.

On the downside, a rejection from the 1.1070 levels could mean a push back lower towards the 1.1015 levels, a halt is likely and a reversal may occur, however, a cut through the 1.1015 levels will restore the downside momentum and open the 1.0950 levels, further down, support comes at the 1.0900 levels.

Conclusion: The EURUSD continues to recover above the 1.1015 levels in the short term view.

 

EURUSD Daily Forecast Oct 27 2015

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

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