EUR/USD Forecast December 13, 2016, Technical Analysis

The EUR/USD pair rallied on Monday, as we continue to find the 1.05 level supportive. However, I think it’s only a matter time before the exhaustion comes back into play, and we can start selling yet again. I think that eventually will break down below the 1.05 handle, but it’s obviously a very stubborn area at the moment. Once we do break down below there, I expect to reach parity fairly quickly. I think that the 1.0750 level above will continue to offer massive resistance. With this, I remain bearish but I am picking my spot. - 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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