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EURUSD Forecast and Technical Overview Nov 15th : Selling Zone on the target

EURUSD Forecast and Technical Overview Nov 15th

* US treasury yields are flatlined despite strong hawkish comments from Powell.
** Big disappointment from Germany, as economic growth contracted for the first time since 2015.
***US October inflation increased by the most in nine months, with the core CPI up by 0.3% MoM and by 2.5% YoY
**** Italy stuck to its 2019 budget with a 2.4% deficit target and a growth forecast of 1.5%
***** Brexit hopes help Euro’s recovery.

US Retail Sales is in focus.


EURUSD is under a strong bearish pressure. It is trading above EMA 50 and headed north.

1.13520 is the key resistance and break above will lead the price 1.14000 – 1.14300 region.

The short term recovery is like to end at 1.14000 – 1.14300 region. – Ichimoku Cloud & Trendline resistance.


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EURUSD Forecast: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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