EUR/USD Forecast November 11, 2016, Technical Analysis

The EUR/USD pair initially rallied at the open on Thursday, but then continued the bearishness that we have seen. It looks as if we are pressing against the 1.0850 level below, and we could continue to go even lower. Any rally now will more than likely be an opportunity to start selling at a higher level, and I would do so as soon as we saw some type of exhaustive candle. Because of this, I feel that selling is the only thing that you can do in this market but you may have to wait for a better entry point.

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