The EUR/USD pair initially tried to rally during the course of the day on Monday, but turned back around to form a bit of a shooting star. The shooting
The EUR/USD pair initially tried to rally during the course of the day on Monday, but turned back around to form a bit of a shooting star. The shooting star courses negative, we have more than enough support below to keep this market afloat. There is an uptrend line just below though, and with that we feel that it’s only a matter time before the buyers step back into this market on pullbacks. We need to see a supportive candle in order to get involved though, which of course we don’t have at the moment.
EUR/USD Forecast November 3, 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.