EUR/USD Forecast November 28, 2016, Technical Analysis

The EUR/USD pair bounced on Friday, as the 1.05 level offered support. This is an area that’s massively supportive on longer-term charts, so I think we must rally from here to roll back over and build up enough momentum to smash through the level. If we break down below the level ahead of time though, that of course is a reason enough to start selling as well. I think that the EUR/USD pair could drop to the parity level if we break down below 1.05 anytime soon. I have no interest in buying this pair. - 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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