EUR/USD Forecast November 1, 2016, Technical Analysis

The EUR/USD pair fell during the day on Monday, but did get a little bit of a left towards the US afternoon as the 1.09 level offers quite a bit of support. Ultimately, I believe that this market will try to break above the 1.10 level, but there is a significant amount of resistance in that area. An exhaustive candle could be a selling opportunity, and as a result we could reach back down to the 1.0850 level. It is not until we break above the 1.1075 level that I think we can start buying with any type of confidence.

Eracash.com - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com