EURUSD Forecast    
The EURUSD was indecisive last week formed a Doji on weekly chart. The bias is bullish in nearest term but overall I still prefer a bearish scenario at this phase as a part of the bearish scenario after broke below the bullish channel. As you can see on my H4 chart below price is in my “sell zone” 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 lead price to neutral zone in nearest term 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.


FX Instructor Forex Blog – For Traders, By Traders

One thought on “EURUSD Daily Forecast: November 02”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.