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EUR/USD Forecast November 30, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Nov 28, 2015, 06:47 UTC

The EUR/USD pair went back and forth during the course of the session on Friday, essentially showing a lack of momentum. The 1.06 level in this area of

EUR/USD Forecast November 30, 2015, Technical Analysis

The EUR/USD pair went back and forth during the course of the session on Friday, essentially showing a lack of momentum. The 1.06 level in this area of course is attracting price, but it’s only a matter of time in our opinion before we fall down to the 1.05 handle. This is especially true considering that the weekly candle stick is a shooting star. Any rally at this point in time should invite selling on signs of exhaustion, as the Euro continues to struggle against just about everything at the moment and simultaneously we have the US dollar being one of the strongest currencies in the world.

 

EUR/USD Forecast November 30, 2015, Technical Analysis
EUR/USD Forecast November 30, 2015, Technical Analysis

About the Author

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.

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