The EUR/USD pair went back and forth during the course of the day on Thursday, forming a fairly neutral candle. There is a significant amount of noise
The EUR/USD pair went back and forth during the course of the day on Thursday, forming a fairly neutral candle. There is a significant amount of noise above, and as a result it’s very difficult for us to imagine buying this pair. On the other hand though, if we get a rally that forms a rather resistive candle above, we would not hesitate at all to start selling. We believe that ultimately this market is reaching down towards the 1.05 handle, but it will take some time to get down to that area.
EUR/USD Forecast November 20, 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.
