EUR/USD Forecast October 26, 2016, Technical Analysis

The EUR/USD pair initially fell during the course of the day on Tuesday, but found the 1.0850 level to be supportive enough to turn things around and form a bit of a hammer. The hammer of course is a bullish candle, and I feel that if we break above the top of the candle, we should rally for the short-term but I am looking at that short-term rally as a selling opportunity on signs of exhaustion. I have no interest whatsoever in buying this market, and I believe that the 1.10 level above continues to be the “ceiling” in this pair. - 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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