EUR/USD Forecast November 1, 2013, Technical Analysis

The EUR/USD pair fell hard during the session on Thursday, breaking below the 1.36 handle. The candle closedat the very bottom of the range, but it the end of the day we still believe there is a significant amount of support at the 1.35 handle, we believe ultimately this will be a nice buying opportunity. We need to see some type of supportive candle just above the 1.35 handle in order to start going long, and will not hesitate to do so once that happens. Ultimately, we still believe this market goes to the 1.40 handle.

 

EUR/USD Forecast November 1, 2013, Technical Analysis

Written by FX Empire