EUR/USD Forecast December 1, 2014, Technical Analysis

The EUR/USD pair tried to rally during the session on Friday, but found the 1.25 level to be a bit too resistive yet again, and then pullback to form a shooting star. That being the case, the market looks as if it’s going to drift lower, probably heading to the 1.24 handle or so. It’s only a matter time before he break down below there as far as we can tell as well, so therefore we like selling rallies and a break of the range for the session on Friday as an opportunity to take advantage of the overall trend.

 

EUR/USD Forecast December 1, 2014, Technical Analysis