EUR/USD Daily Forecast – 30 October

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Friday, Oct 27 2017

EUR/USD Daily Forecast – 30 October

Euro continued its decline in the course of the Friday's session as well going all the way to 1.1570 area, where pair found some amount of support and managed to finish the session around 1.16 handle. USD was mostly supported by rather good GDP figures. On Monday, focus will be on Spanish and German CPI figures. Any type of supportive candles around 1.1570 and 1.1550 area would be short-term buying signal, while resistive candles above 1.1650 and 1.1670 level would be short-term selling opportunity.

In long-term trends, we have no interest in buying the pair after this decline. However, we expect plenty of support around 1.15 handle.

More in this category: « GBP/USD Daily Forecast – 30 October AUD/USD Daily Forecast – 31 October »

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