EUR/USD Forecast December 5, 2016, Technical Analysis

The EUR/USD pair fell slightly but then turned back around to form a hammer. The hammer of course is a bullish sign but I think that any rally at this point in time should be a nice selling opportunity on signs of exhaustion. With this, the market should find “value” at higher levels, so if we get an exhaustive candle on willing to jump on it. I have no interest whatsoever in buying this market because I recognize how bearish the Euro is in general. I still believe that we are going to break down below the 1.05 level over the longer term. - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. bears no responsibility for any trading losses you might incur as a result of using any data within the