The EUR/USD pair went back and forth during the course of the week in what would’ve been recognized as a rather volatile candle. However, it looks as if
The EUR/USD pair went back and forth during the course of the week in what would’ve been recognized as a rather volatile candle. However, it looks as if the market should then reach down to the 1.05 handle. Any rally at this point in time it should be thought of as a selling opportunity though, at least as long as we are below the uptrend line that sits above. Ultimately, the market looks very soft, and as a result we think that selling is the only thing that you can do at this point.
EUR/USD forecast for the week of November 23, 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.
