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EURUSD Technical Analysis November 10th

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

The House Republicans discussed earlier in the day the possibility of applying the tax reform in 2018, but the debate couldn't prosper, as the total amount the cut implies is beyond what they are permitted under budget rules. The US released its weekly unemployment claims report, which showed that In the week ending November 4 initial claims were 239,000, an increase of 10,000 from the previous week's unrevised level of 229,000. In Europe, on the other hand, the European Commission Autumn forecast, showed that the euro area economy is on track to grow at its fastest pace in a decade this year, with real GDP growth forecast at 2.2% up from previous 1.7%, while the EU economy as a whole is also set to beat expectations with robust growth of 2.3% this year, revised 1.9% in spring.

Technically:

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This article was written by Emre Tutucu for http://www.fxters.com/eurusd-technical-analysis-november-10th/ on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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