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.

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