EUR/USD Daily Forecast – 31 October

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Monday, Oct 30 2017

EUR/USD Daily Forecast – 31 October

Euro formed support around 1.16 handle in the course of the yesterday's session and was pushed higher but found resistance around 1.1650 level and pulled back slightly by the end of session. As for tomorrow, focus will be on Eurozone CPI figures. Any type of supportive candles around 1.16 and 1.1570 area would be short-term buying signal, while resistive candles above 1.1670 and 1.17 level would be short-term selling opportunity.

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

More in this category: « GBP/USD Daily Forecast – 31 October AUD/USD Daily Forecast – 01 November »

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