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EUR/USD Forecast October 16, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 16 October 2015 05:38 UTC

The EUR/USD pair fell rather significantly during the course of the session on Thursday, as the 1.15 level offered more than enough resistance. With that being the case, the market looks as if it is not quite ready to break out yet. The 1.15 level above continues offer resistance and as a result it appears that the market will have to really work to break out to the upside. Once we do though, this market really should take off. Any type of supportive candle in this area should be a buying opportunity though, as the US dollar is getting sold off everywhere.

 

 

 

 

EUR/USD Forecast October 16, 2015, Technical Analysis

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