EUR/USD Forecast December 15, 2016, Technical Analysis

The EUR/USD pair had a slightly positive Wednesday, as we continue to bounce around and show signs of consolidation. I believe that there is a significant amount of resistance near the 1.0750 level above, so if we reach towards that area I would be more than willing to sell an exhaustive candle. I think that we must attempt a breakdown below the 1.05 level several times before we breakdown, but once we do this market should then go to the parity level. I have no interest in buying the EUR currently, as the ECB has just extended quantitative easing by nine months. - 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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