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
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.
