The EUR/USD pair initially gapped lower at the open on Monday, mainly as a knee-jerk reaction to the Parisian terror attacks in our opinion. However, we
The EUR/USD pair initially gapped lower at the open on Monday, mainly as a knee-jerk reaction to the Parisian terror attacks in our opinion. However, we feel that gap and then ended up forming a relatively negative candle. At this point time, if we can break down below the recent low, this market should then head to the 1.06 handle, and then the 1.05 handle. We think rallies will be selling opportunities as well, as breaking below the bottom of the uptrend line recently of course was a very negative sign in this market.
EUR/USD Forecast November 17, 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.
