EUR/USD Daily Forecast – 03 November

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Thursday, Nov 02 2017

EUR/USD Daily Forecast – 03 November

Euro was pushed higher in the course of the yesterday's session going all the way to 1.1680 area where pair found some amount of resistance and pulled back slightly by the end of the session, to a daily closing around 1.1650 level. Tomorrow, focus will be on NFP figures. Any type of supportive candles around 1.16 and 1.1580 area would be short-term buying signal, while resistive candles above 1.17 and 1.1730 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 – 03 November AUD/USD Daily Forecast – 06 November »

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