EUR/USD Forecast December 2, 2016, Technical Analysis

The EUR/USD pair rallied slightly during the day on Thursday, as we continue to consolidate around the 1.06 handle. This is a market that seems to be trying to figure out whether or not it can break down below the massive support at the 1.05 handle. If we can break down below there, I feel that the market then should reach towards the 1.00 handle. Ultimately, short-term rallies should continue to be selling opportunities and with the jobs number coming out today, it’s very likely that we will see quite a bit of volatility that we can take advantage of. - 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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