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EURUSD Daily Forecast: November 13

EURUSD Daily Forecast: November 13
Monday, November 13th, 2017 @ 4:40 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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EURUSD Forecast    
The EURUSD attempted to push lower last week bottomed at 1.1554 but closed higher at 1.1664. The bias is neutral in nearest term. Overall I remain bearish but need a clear break below 1.1580/50 support area to continue the”head and shoulders” bearish reversal scenario testing 1.1450 region. Immediate resistance is seen around 1.1670/90. A clear break above that area could trigger further bullish pullback testing 1.1725 but as long as stay below 1.1900 I remain bearish and any upside pullback should be seen as a good opportunity to sell.

eurusddaily

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