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.

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