EUR/USD Daily Forecast – 17 November

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Thursday, Nov 16 2017

EUR/USD Daily Forecast – 17 November

Euro was traded in a tighter range in the course of the yesterday's session with a support around 1.1770 area and resistance above 1.18 handle, with pair in the end finishing the session around 1.1770 level in a neutral tone. We expect similar session tomorrow. Any type of supportive candles around 1.1750 and 1.1720 area would be short-term buying signal, while resistive candles above 1.18 and 1.1850 level would be short-term selling opportunity.

In long-term trends, we would be on the sidelines for this pair despite recent rebound. We expect plenty of support around 1.15 handle, but also plenty of resistance near 1.20 area.

More in this category: « GBP/USD Daily Forecast – 17 November AUD/USD Daily Forecast – 21 November »

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