EUR/USD Forecast November 22, 2016, Technical Analysis

The EUR/USD pair initially rallied on Monday but gave back quite a bit of the gains almost immediately. Because of this, looks as if the market is going to struggle to continue any type of move to the upside and I still believe that we are trying to get to the 1.05 handle. With this in mind, I look for exhaustive candles on short-term charts to continue to sell the Euro again and again, as it simply cannot get out of its own way. I have no interest in buying, at least not until we get a longer-term buy signal.

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