EUR/USD Daily Forecast – 06 November

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Friday, Nov 03 2017

EUR/USD Daily Forecast – 06 November

Euro was initially pushed higher in the course of the Friday's session going all the way to 1.1690 area, but then pulled back by the end of the session, after better than forecasted NFP figures with pair finishing the session around 1.16 handle. As for Monday we expect a bit steadier session as there will be no major data releases. Any type of supportive candles around 1.1580 and 1.1550 area would be short-term buying signal, while resistive candles above 1.1630 and 1.1660 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 – 06 November AUD/USD Daily Forecast – 07 November »

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