EUR/USD Daily Forecast – 10 November

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Thursday, Nov 09 2017

EUR/USD Daily Forecast – 10 November

Euro managed to rebound in the course of the yesterday's session after it formed support around 1.16 handle and went all the way to 1.1650 area which proved to be resistive at the moment but pair managed to finish the session around this area. As for tomorrow with holiday in the USA and no major data releases from Eurozone we expect a bit steadier session. Any type of supportive candles around 1.16 and 1.1580 area would be short-term buying signal, while resistive candles above 1.1680 and 1.17 level would be short-term selling opportunity.

In long-term trends, we have no interest in buying the pair despite this small rebound. However, we expect plenty of support around 1.15 handle.

More in this category: « GBP/USD Daily Forecast – 10 November AUD/USD Daily Forecast – 13 November »

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