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
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
