The EUR/USD pair had a very volatile session during the day on Thursday, as we slammed into the 100-day exponential moving average. At this point, I recognize that there is a significant amount of resistance all the way to the 1.1150 level above, so therefore I think that it will more than likely see this market go lower. A break down below the bottom of the range for the session on Thursday would be a very negative sign and should send this market down to the 1.10 level below. I have no interest in buying the Euro as there is so much resistance above.
![EUR/USD Forecast November 4, 2016, Technical Analysis](http://c86cb244b7aa82d722df-bc886d861d799bf6b58e79429d5ca9ac.r8.cf2.rackcdn.com/www.fxempire.com/wp-content/uploads/2016/11/eurusd-2.jpg)