It shows that EURUSD is in going back to bullish from the area 1.0460-1.0520. According to our last week analysis where we said if price can’t break the area then we can see some bullish recovery movement. EURUSD can’t break the area and the price has recovered four week falling in a day by some hawkish statement on EURO during ECB press conference on Thursday. We also indicate this in our last week trading view here the last week forecast we also made a nice profit during the session. EURUSD broke the support at 1.08 on 6th November but last week price again goes back and close above this level. Now it is expected that the bullish movement can be extended some more till to the level of 1.1100. The level offer a resistance that was previously works as support and the price has a chance to retest the level.

EURUSD Weekly Trading Forecast

 

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