EURUSD Daily Forecast Oct 30 2015

Outlook in EURUSD remains on the downside as long as 1.0995 resistance holds on a daily closing basis, support comes at the 1.0905/1.0880 levels, a halt is likely and a reversal may occur, however; further down, support comes at the 1.0653 levels.

On the upside, resistance comes at the 1.0995 levels, sustained breakout above this level will open 1.1108 levels before the next fall, a clear break above the 1.1108 levels will bring strong rebound towards the 1.1344 levels.

Conclusion: The EURUSD continues to face downside threats below the 1.0995 levels, above 1.0995 faces a recovery risk towards the 1.1108 levels before the next fall.


EURUSD Doily Forecast Oct 30 2015





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