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EURUSD Corrective Recovery Risk Builds Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 24, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD: Having rejected lower prices to close flat on Monday, EURUSD corrective recovery risk is now expected. This is coming on the back of the pair’s past week losses. We expect a recovery higher to build up in the days ahead. On the downside, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level with a turn below that level targeting the 1.0450 level. Conversely, resistance comes at 1.0700 level with a cut through here

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