EUR/USD Forecast October 24, 2016, Technical Analysis

The EUR/USD pair fell rather significantly during the course of the day on Friday, as we continue to continue to drop down towards the 1.08 level. We have now broken down significantly during the course of the day, and it looks as if the Euro will continue to fall from here. Short-term rallies should offer selling opportunities at the first signs of exhaustion. A break down below the bottom of the candle of course would be negative as well. At this point, the 1.1050 level above continues to be the “ceiling” in this market. - 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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