EUR/USD Forecast October 19, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 19 October 2016 06:54 UTC
The EUR/USD pair had a negative day again on Tuesday, as we continue to bounce around the 1.10 level below. At this point in time, it appears that we are going to go lower, and therefore I’m willing to sell any type of short-term rally that shows any signs of failure at all. I have no interest in buying, as we most certainly continue to see negativity in this market and it very well could drop all the way down to the 1.05 level below. However, it’s not going to happen overnight so keep in mind that selling rallies might be the best way.

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.


Subscribe to Newsletter

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