EUR/USD Forecast December 9, 2016, Technical Analysis

The EUR/USD pair initially tried to rally during the day on Thursday but found itself turning around due to the fact that the ECB is going to expand and links in its quantitative easing overall, and that of course is negative for the Euro. We seem all but guaranteed to test the 1.05 level below for support, and will probably now end up breaking below there and reaching towards the parity level. Rally should be selling opportunities, and I believe that this market will continue to favor the US dollar 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.

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