EURUSD - Top Down Analysis for Nov 15

Starting with the 1 hour timeframe, as we head into the NY trading session, traders will keep an eye out for the NY Empire State Manufacturing Index at 8:30 with expectations for an improvement from -9.10 to -5.00

As of writing this analysis, bullish price action is beginning to stall out.

Let's now take a look at the 4 hour timeframe

== 4 HOUR ==

The 4 hour time frame shows further evidence of bullish stalling action.

Lastly, let's take a look at the daily timeframe

== DAILY ==

The daily timeframe, shows price action resisted off the 200 SMA while Stochastics and RSI is hinting at overbought conditions.

== IN SUMMARY ==
Upside seems limited for the time being