EUR/USD Forecast November 14, 2016, Technical Analysis

The EUR/USD pair fell after initially trying to rally during the day on Friday. We’ve made a fresh, new low, and it now appears all but certain we will try to break through the 1.08 handle. At that point, the pair should then reach towards the 1.05 level, which was a massively supportive area previously. Because of this, and the negativity that we have seen for several days, I believe that at this point any rally is going to end up being a selling opportunity. I have no interest in buying the Euro at this point.

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