EUR/USD Forecast Nov. 7-11 | Forex Factory

EUR/USD Forecast Nov. 7-11 | Forex Factory

EUR/USD Forecast Nov. 7-11

From forexcrunch.com

EUR/USD managed to recover as November began. Updated EU forecasts and some German data stand out, as Americans go to the polls. Volatility is going to be high. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Euro-zone inflation remains subdued. Despite a rise in the headline CPI, core inflation did not budge, causing a headache for the ECB. GDP growth was OK as 0.3%, but also failed to excite. In the US, the FED and the NFP had their word ahead of the elections. Clinton remains in the lead, albeit a narrower one, due to the FBI Effect. The US Non-Farm Payrolls were ... (full story)

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Nov 6, 2016 10:16am

Quoting Ghassforex

Disliked

Why you dont sell @ open market price SL 1.1150 and if price bit 1.1150 sell again to d'nt miss the occasion? close price on Friday was 1.1140 high 1.1145 you will wait 5/10 pips ?

Ignored

Because it's not certain.
I mean ideal case. But we all see two trendlines and stuff 1.1175-90 .

Then spikes hundred pips everywhere.....
I'm short, but not much.....still looking for confirmation. And AFTER that will short more.

So don't rush it my new friend.

Nov 6, 2016 12:01pm

Quoting Ghassforex

Disliked

I agree .

Ignored

Quoting Ghassforex

Disliked

very risky to keep holding take some part from your profit better.

Ignored

Thanks. I'll decide based on Market open and tomorrow closing price... I am ready to take risk on US election.

Nov 6, 2016 7:21am

Quoting coldvinc

Disliked

While that sounds plausible, it's still dangerous as markets will be very volatile while the final results pour in. I'm staying on the sideline.

Ignored

volatility high if polls during 2 days show that Trump very close or step Clinton but if polls show always margin for Clinton until final result volatility low followed by rally.

Nov 6, 2016 7:25am

Quoting Manudatinh

Disliked

Agreed! MMs will use this election to whipsaw the market for stops. Stay on the sideline to watch fireworks.

Happy trading to all! 😎😎😎

Ignored

volatility high if polls during 2 days show that Trump very close or step Clinton but if polls show always margin for Clinton until final result volatility low followed by rally.

Nov 6, 2016 9:50am

Quoting Not-KPMG

Disliked

I don't know....

I will wait for 1.1150 and some reverse there. It's hard to wait.
But safer...

GL

Ignored

Why you dont sell @ open market price SL 1.1150 and if price bit 1.1150 sell again to d'nt miss the occasion? close price on Friday was 1.1140 high 1.1145 you will wait 5/10 pips ?

Nov 6, 2016 10:25am

Quoting Not-KPMG

Disliked

Because it's not certain.
I mean ideal case. But we all see two trendlines and stuff 1.1175-90 .

Then spikes hundred pips everywhere.....
I'm short, but not much.....still looking for confirmation. And AFTER that will short more.

So don't rush it my new friend.

Ignored

ok.Good luck my friend )))

Nov 6, 2016 10:31am — Edited

Quoting asmadi78

Disliked

ECB will Tap EURUSD Sooner.. BOE - No longer rate cut for year 2016.GBPUSD UP , EURUSD down , EURGBP down.

Ignored

But Carney policy for inflation target to keep GBP weak he say it in his last speck many times .4 Dec high court decision and Theresa reaction (maybe snap election) ???? About BOE rate cut I agree because Carney wait for FOMC hike rate on Dec but keep door open for cut rate if need on 2017 GBP still under pressure in my book .

Nov 6, 2016 7:24am

Quoting coldvinc

Disliked

While that sounds plausible, it's still dangerous as markets will be very volatile while the final results pour in. I'm staying on the sideline.

Ignored

Agreed! MMs will use this election to whipsaw the market for stops. Stay on the sideline to watch fireworks.

Happy trading to all! 😎😎😎

Nov 7, 2016 12:36pm

Quoting coldvinc

Disliked

While that sounds plausible, it's still dangerous as markets will be very volatile while the final results pour in. I'm staying on the sideline.

Ignored

The volatility is great for scalp trades if done right, but technicals are somewhat out the window, with some minor exception to Japanese Candlestick reading, combined with stochastic ARSI and Pivot Point MA and some TMACD. I would suggest following a test the waters approach with every trade and to mostly use Volume Price Analysis for the meat of it. Let's make some money folks!! Enjoy your day at the races!

Nov 6, 2016 9:45am

Quoting asmadi78

Disliked

EURUSD SELL OFF When market open..

Ignored

I don't know....

I will wait for 1.1150 and some reverse there. It's hard to wait.
But safer...

GL

Nov 6, 2016 4:05pm

nice open

Nov 6, 2016 9:15am

I am holding long EURUSD this week... Bought @1.0950

Nov 6, 2016 8:21am

EURUSD SELL OFF When market open..

Nov 6, 2016 9:42am

Eurusd goes south deeply

Nov 6, 2016 9:43am

New Target : 1.0000 - EURUSD

Nov 6, 2016 9:46am

GBPUSD + , EURUSD - , EURGBP- - 300 pips

Nov 6, 2016 10:11am

ECB will Tap EURUSD Sooner.. BOE - No longer rate cut for year 2016.GBPUSD UP , EURUSD down , EURGBP down.

Nov 6, 2016 10:49am

GBPUSD can sell at this Prrice : 1.2691

Nov 6, 2016 10:51am

GBPUSD **1.2691 - EMA 55 days at daily chart

Nov 6, 2016 11:07am

Yes brother..you correct..

Nov 6, 2016 11:37am

We wait n see..

Nov 6, 2016 5:01am

$ will go up after election no matter who wins special if Clinton win, but even if Trump win because stocks will crash $ will become save heaven . Sell EUR/USD and GBP/USD when market open .

Nov 6, 2016 9:38am

Quoting Jias IND...

Disliked

I am holding long EURUSD this week... Bought @1.0950

Ignored

very risky to keep holding take some part from your profit better.

Nov 6, 2016 9:39am

Quoting asmadi78

Disliked

EURUSD SELL OFF When market open..

Ignored

I agree .

Nov 6, 2016 10:05am

Quoting asmadi78

Disliked

GBPUSD + , EURUSD - , EURGBP- - 300 pips

Ignored

why? more info?

Nov 6, 2016 11:05am

Quoting asmadi78

Disliked

GBPUSD **1.2691 - EMA 55 days at daily chart

Ignored

hmmmm...you meant retracement phase before pullback to 1.20/1.18 medium term target yes?

Nov 6, 2016 11:28am

Quoting asmadi78

Disliked

Yes brother..you correct..

Ignored

What about crash price phase around 1.2610 it is not a strong resistance before 2nd phase 1.2691 EMA 55 days ?

Nov 6, 2016 12:14pm

Quoting asmadi78

Disliked

We wait n see..

Ignored

yes ))) It was nice talking with you .take care

Nov 6, 2016 6:20pm

Quoting asmadi78

Disliked

We wait n see..

Ignored

http://www.reuters.com/article/us-britain-eu-may-idUSKBN131007

Nov 8, 2016 3:54am

Quoting asmadi78

Disliked

We wait n see..

Ignored

Hello how are you ? ready for Election in US ?

Nov 6, 2016 6:27am

I agree....USD will go up no matter what. Safe haven and Dec rate hike

Nov 6, 2016 6:51am

While that sounds plausible, it's still dangerous as markets will be very volatile while the final results pour in. I'm staying on the sideline.

Nov 6, 2016 1:37pm

Futures markets are open so today

https://youtu.be/Vfp1bzJlQUw

When everyone is selling the big boys are already seeing the 2220 and comes after the free fall. SP500 and other high markets. when everything is bad. It is that after the tie boys for them it's okay lol

Nov 6, 2016 3:38pm

gap gap gap I did not want a sell order at the moment all what the market will do is suck all the profit on the orders and escape gaps prepare that does not close until the Markets elections are well new maximums health is about to come. (SP500 bulls will kill the bears all or one that is alive to this sagria all orders will be all closed flee who closed sales orders was expert bullet man >>>>>>

Nov 6, 2016 8:37am

To many sellers ===> short squeeze

Nov 6, 2016 8:11am

Volatility makes us experienced

Nov 6, 2016 5:13pm

which means a buy position should be taken on usdcad on nov 7. right ?

Nov 8, 2016 8:56pm

I am long on the Eur since yesterday.

Trader#780F

Nov 7, 2016 7:21am

Remember always buy when everyone is selling. My inside is telling me to buy EUR. There is too many rabbits in the hat that will be let out after the elections.

Story Stats

Nov 6, 2016 3:36am
Posted by
Yohay

Fundamental Analysis

39

16.7K
Linked events:

GE Factory Orders m/m

EZ Retail PMI

EZ Sentix Investor Confidence

EZ Retail Sales m/m

EZ Eurogroup Meetings

GE Industrial Production m/m

GE Trade Balance

FR Trade Balance

EZ EU Economic Forecasts

GE Final CPI m/m