EUR/USD forecast for the week of November 2, 2015, Technical Analysis

The EUR/USD pair went back and forth during the course of the week, ending up forming a hammer based upon the uptrend line that formed the bottom of the ascending triangle. Because of this, we feel that the market should continue to go higher if we can break above the top of the hammer, as the market will reach towards the 1.15 handle. We have no interest in selling until we break down below the uptrend line, which is essentially the same thing as the bottom of the hammer for this previous week.