EUR/USD Daily Forecast – 08 November

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Tuesday, Nov 07 2017

EUR/USD Daily Forecast – 08 November

Euro was pushed lower in the course of the yesterday's session, despite no major data releases, with pair going all the way to 1.1550 area, where it found some amount of support and managed to rebound slightly by the end of the session to a daily closing above 1.1580 level. Tomorrow, we expect similar session, as there will be no major data releases. Any type of supportive candles around 1.1550 and 1.1530 area would be short-term buying signal, while resistive candles above 1.1620 and 1.1650 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 – 08 November AUD/USD Daily Forecast – 09 November »

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