EUR/USD Forecast November 9, 2016, Technical Analysis

The EUR/USD pair initially tried to rally during the day on Tuesday but turned around to form a bit of a shooting star. This suggests that we are going to continue to go a little bit lower, but I do recognize that the noisy area just below could cause some issues. I do think eventually that we go lower though, perhaps reaching towards the 1.08 level. If we did manage to break above the top of the shooting star for the day, I feel that the market will then reach towards the 1.1150 level. - 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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