The EUR/USD pair fell during the course of the session on Friday, testing the 1.07 level yet again. This is an area that continues offer support though,
The EUR/USD pair fell during the course of the session on Friday, testing the 1.07 level yet again. This is an area that continues offer support though, and at this point in time we actually prefer selling this market on rallies if we get them. The uptrend line from the previous ascending triangle should continue to offer resistance, so that’s what we’re hoping to see. On the other hand though, if we break down to a fresh, new low, we’ll see any reason why the market will reach towards the 1.05 handle.
EUR/USD Forecast 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.
