EUR/USD daily chart, December 01, 2016

EUR/USD Forecast December 1, 2016, Technical Analysis

The EUR/USD pair fell on Wednesday, showing quite a bit of bearish pressure. At this point, it looks as if the market will break down below the 1.05 level below which has been so supportive, and should reach towards the parity level next. Because of this, I believe that every time we rally and show signs of exhaustion it’s time to start selling yet again. I have no interest in buying this pair, and believe that the Euro is going to continue to suffer at the hands of the greenback. Parity of course will be a major battlefield.