EUR/USD Forecast December 14, 2016, Technical Analysis

The EUR/USD pair went back and forth during the day on Tuesday, showing signs of support. However, I feel that the market has much more resistance of the 1.0750 level. Above there, I think there is resistance at the 1.0850 level also. In the exhaustive candle would be an opportunity to start selling as well, and I think that the market will continue to build up enough downward pressure to reach towards the 1.05 level, and then eventually break down below there. I have no interest in buying the Euro at the moment, and believe that the US dollar will continue to be favored. - 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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