EURUSD: Keep an Eye on the 1.1000 Area | Forex Forecast for Nov. 5, 2019

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The EURUSD looks like it wants to rotate even lower, but how far could it go? In today’s video, Justin Bennett discusses the key support and resistance levels he’s keeping an eye on as well as where the EURUSD could find support over the coming sessions. Watch this first before trading the euro!

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EURUSD: Keep an Eye on the 1.1000 Area
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The EURUSD is pulling back this week after retesting the October high.

You can see where the pair carved a bearish engulfing pattern on Monday, which hinted at today’s pullback.

Notice too how the euro is currently testing that key support area at 1.1070 that I mentioned on Saturday.

But given the intensity of this selloff, I’m not expecting 1.1070 to hold this time.

Continue reading on the blog…
https://dailypriceaction.com/setups/eurusd-keep-eye-on-1-1000-area/

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#EURUSD #Forex #ForexForecast

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