EUR/USD pair initially tried to rally during the day on Wednesday, but turned back around to form a shooting star. This of course is a very negative sign,
EUR/USD pair initially tried to rally during the day on Wednesday, but turned back around to form a shooting star. This of course is a very negative sign, and we believe that the EUR/USD pair will continue to fall from here. It is probably only a matter of time before we see this market reach towards the 1.05 handle, and with that we like selling rallies and of course breakdowns below the bottom of the range. Quite frankly, we have no scenario in which we are willing to buy this pair at the moment as it has been beaten down so severely.
EUR/USD Forecast November 19, 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.
