The EUR/USD pair fell slightly during the session on Thursday, but we had a bit of a liquidity issue as the Americans were away celebrating Thanksgiving.
The EUR/USD pair fell slightly during the session on Thursday, but we had a bit of a liquidity issue as the Americans were away celebrating Thanksgiving. Ultimately though, this is a market that every time it rallies you have to be thinking about selling. We believe there is a massive amount of resistance all the way up to the previous uptrend line of the ascending triangle, so therefore we sell rallies going forward. We think it will be volatile, so we stick to short-term selling opportunities in the meantime as the market tries to grind down to the 1.05 level.
EUR/USD Forecast November 27, 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.
