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EURUSD Daily Forecast: November 04
Wednesday, November 4, 2015 0:26
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EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.0934. The bias is bearish in nearest term testing 1.0895 – 1.0800 area. Immediate resistance is seen around 1.0970. A clear break above that area could lead price to neutral zone in nearest term testing 1.1050 but as long as stays below 1.1100 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. We will have some high impact news/data today: US Trade Balance and ADP NFP. Draghi and Yellen are also scheduled to make statement which could be a market catalyst.
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-november-04-5
