Sponsors

EUR/USD Forecast November 27, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 27 November 2015 06:09 UTC

The EUR/USD pair fell slightly during the session on Thursday, but we had a bit of a liquidity issue as the Americans were away celebrating Thanksgiving. Ultimately though, this is a market that every time it rallies you have to be thinking about selling. We believe there is a massive amount of resistance all the way up to the previous uptrend line of the ascending triangle, so therefore we sell rallies going forward. We think it will be volatile, so we stick to short-term selling opportunities in the meantime as the market tries to grind down to the 1.05 level.

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.