EUR/USD Forecast for the Week of Nov. 21st, 2011, Technical Analysis

EUR/USD had a very bearish week these past 5 sessions, but managed to close just above the all-important 1.35 level. The pair is finding a lot of support just below, so it more than likely will be a fight to get this pair to stay down for long periods of time. However, the previous week’s hammer was violated to the downside, and this is a very bearish sign. This pair is a sell only pair, but better serves you if you sell rallies instead of trying to force it down.

EUR/USD Forecast for the Week of Nov. 21st, 2011, Technical AnalysisEUR/USD Forecast for the Week of Nov. 21st, 2011, Technical Analysis

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