EURUSD Outlook 22 November, 2016 | November 22, 2016

Eurusd is near to weekly support level. This strong support lies on 1.0520-1.0450 area. We should look on this critical level. For more bearish rally, we need to wait for clear breakout. We can find rapid falling after the breakout of the support.

On the other hand, if any bullish sign can be seen on higher time frame from the support level, then we need to go for buy for long term.

On shorter time frame, this pair is now on range mode between 1.0570-1.0645 level. So above 1.0645 level, buy entry can be taken for short time. Below 1.0570 level, eurusd can be get more bearish power.


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