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    Technical analysis for the EUR/USD – 03.11.2015

    The pair consolidated within the narrow sideways range of 1.1060-1.1000 and is now oscillating around 1.1010/05s. The situation hasn’t changed significantly, although indicators are less sure of further growth, which may be a signal for continuing consolidation in the above mentioned range and its extension to 1.0850/30 support. Expectations of the previous comment remain relevant – bearish potential preserves, and the price has all chances to break 1.0850/30 mark, which will be a signal for decline to the next lows at 1.0660/70 and 1.0500/1.0460. At the same time, we shouldn’t exclude that bulls will eventually attempt to break resistance at 1.1110/1.1060. If they succeed, the price will simply correct further up. The reversal of the trend will be possibly only if bulls manage to break above strong resistance of 1.1230/50.

    EUR031115

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers. Thank you!

    The pair consolidated within the narrow sideways range of 1.1060-1.1000 and is now oscillating around 1.1010/05s. The situation hasn’t changed significantly, although indicators are less sure of further growth, which may be a signal for continuing consolidation in the above mentioned range and its extension to 1.0850/30 support. Expectations of the previous comment remain relevant – bearish potential preserves, and the price has all chances to break 1.0850/30 mark, which will be a signal for decline to the next lows at 1.0660/70 and 1.0500/1.0460. At the same time, we shouldn’t exclude that bulls will eventually attempt to break resistance at 1.1110/1.1060. If they succeed, the price will simply correct further up. The reversal of the trend will be possibly only if bulls manage to break above strong resistance of 1.1230/50.

    EUR031115

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers. Thank you!


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