EUR/USD Forecast November 17, 2016, Technical Analysis

The EUR/USD pair initially rallied on Wednesday but turned around to fall significantly, as we continue to drift down to the 1.05 level underneath. That is an area that has been massively supportive in the past, so makes quite a bit of sense that we could see a bounce from there. In the meantime, I believe that this is a market that continues to show massive berries pressure, and with good reason as there are a lot of concerns when it comes to the European Union. Ultimately, I don’t even have a situation where I’m willing to start buying. - 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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