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
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.
