EUR/USD Forecast October 25, 2016, Technical Analysis

The EUR/USD pair initially fell during the course of the day on Monday, but found enough support at the lows again to bounce. Ultimately, looks like we could bounce a little further but I’m waiting to see whether or not we get an exhaustive candle above that I can start selling. Alternately, and exhaustive candle somewhere closer to the 1.10 level should offer perceived “value” in the US dollar going forward. I have no interest whatsoever in buying the Euro at the moment, as I believe we are eventually going to reach down to the 1.05 level below. - 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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