EUR/USD Forecast October 20, 2016, Technical Analysis

The EUR/USD pair initially tried to rally during the course of the session on Wednesday, testing the 1.10 level, which of course has been resistive over the last several sessions. The shooting star is a very negative sign, and if you can break down below the bottom of this shooting star, the market should then go down to the 1.09 handle. Ultimately, this is a market that should continue to find sellers again and again as we trying to build up enough pressure to break the market down. At this point, I would not be surprised to see the market reach towards the 1.05 level. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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