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EURUSD Daily Forecast: November 03
Monday, November 2, 2015 22:42
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EURUSD Forecast
The EURUSD didn’t make significant movement yesterday. The bias is neutral in nearest term. Overall I still prefer a bearish scenario at this phase targeting 1.0800 with a tight stop loss above 1.1100. Immediate support is seen around 1.0990. A clear break below that area could trigger further bearish pressure testing 1.0950/00 area. On the upside, a clear break back above 1.1100 would activate my “wait and see” mode as direction would become unclear.
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-november-03-4
At the moment after NFP, I believe the trend seems to be bearish, but when it comes to Forex trading, it is always better to be careful since if we make any mistake than we will suffer badly. I trade with OctaFX broker and with their powerful trading platform like cTrader, I am able to enjoy trading given the upgraded setup that’s placed here and many added options like advance charts and allowing us to know which trading session we are trading on, it’s all pretty cool.