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EUR/USD Forecast November 18, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 18 November 2015 05:29 UTC

The EUR/USD pair broke lower during the course of the session on Tuesday, as the Euro continues to soften in general. With this, we believe that the market is ready to go much lower, with our target being the 1.05 level eventually. We believe that short-term rallies are selling opportunities, and a break down below the bottom of the range for the session on Tuesday is as well. We believe that the Euro will continue to attract a lot of sellers. In fact, we have no interest whatsoever in buying this market until we get above the uptrend line that we broke below a couple of weeks ago.

 

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