The EUR/USD pair fell during the day on Monday, but did get a little bit of a left towards the US afternoon as the 1.09 level offers quite a bit of support. Ultimately, I believe that this market will try to break above the 1.10 level, but there is a significant amount of resistance in that area. An exhaustive candle could be a selling opportunity, and as a result we could reach back down to the 1.0850 level. It is not until we break above the 1.1075 level that I think we can start buying with any type of confidence.
![EUR/USD Forecast November 1, 2016, Technical Analysis](http://c86cb244b7aa82d722df-bc886d861d799bf6b58e79429d5ca9ac.r8.cf2.rackcdn.com/www.fxempire.com/wp-content/uploads/2016/11/eurusd.jpg)