The EUR/USD pair went back and forth during the course of the week, eventually forming a neutral candle. It appears that the market is trying to find a
The EUR/USD pair went back and forth during the course of the week, eventually forming a neutral candle. It appears that the market is trying to find a little bit of support so we can bounce, but quite frankly the uptrend line from the ascending triangle that had previously been controlling the market should continue to offer quite a bit of resistance. Any rally at this point in time that show signs of exhaustion should be a selling opportunity as the market will then reach down towards the 1.05 handle.
EUR/USD forecast for the week of November 16, 2015, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
