EUR/USD Forecast November 25, 2016, Technical Analysis

The EUR/USD pair initially fell on Thursday, but turned right back around near the 1.05 level. Because of this, we ended up forming a bit of a hammer and it looks like we might get a bit of a bounce to try to build up enough momentum to finally breakdown. I believe that a short-term bounce is coming but I will be waiting for exhaustion to start selling. Alternately, if we breakdown below the bottom of the hammer, I think that the market within reach down to the 1.00 level long term. - 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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