EUR/USD Forecast November 30, 2016, Technical Analysis

The EUR/USD pair fell at the open on Tuesday but found enough support to turn things around and form a bit of a hammer. Ultimately, this is a market that continues to consolidate in this area because it will take quite a bit of momentum to break down below the 1.05 level. Once we do, the market should then go to the parity handle after that. Any rally at this point should offer selling opportunities on signs of exhaustion, and as a result I have no interest in buying the Euro currently.

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