EUR/USD Forecast November 8, 2016, Technical Analysis

The EUR/USD pair fell significantly during the day on Monday as we got word that the FBI was not going to indict Hillary Clinton due to emails. With this, looks as if we are going to continue the longer-term downtrend, and as a result we could reach towards the 1.10 level next, and then you been lower to the 1.08 level underneath. Any rally going forward should be a nice selling opportunity, and I will choose to sell on signs of exhaustion after we get those short-term rallies. At this point, I believe that the Euro continues to sell off in general.