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.

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