EUR/USD Daily Forecast – 09 November

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Wednesday, Nov 08 2017

EUR/USD Daily Forecast – 09 November

Euro went back and forth in the course of the yesterday's session, being traded in a tighter range within 30 points and with a daily closing around 1.16 handle. As for tomorrow, we expect another steadier session similar to yesterday's. 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 – 09 November AUD/USD Daily Forecast – 10 November »

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