Long-term looking we have no interest in buying this pair, especially after this decline. If the pair breaks below 1.08 handle it could easily go to the lows at 1.05 handle.
Last modified on Saturday, 12 November 2016EUR/USD Weekly Forecast – 14 November – 18 November
Euro was pushed lower in the course of the last week after US Presidential Election Results. Pair broke well below 1.10 handle after initially aiming higher and continued its downtrend all the way to 1.0850 area which is currently offering some amount of support. As for next week focus will be more on US figures. Pair is likely to find some amount of support around 1.08 and 1.07 handle in extension and resistance above 1.0930 and 1.10 area.
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