EUR/USD Forecast Nov. 29th, 2011, Technical Analysis

The EUR/USD pair rose initially during the Monday session as the rumor mill started out in full force over the weekend. Stories of supposed IMF bailouts of Italy and other such rumors pushed the value of the Euro higher. However, the end of the session saw that the Euro had pulled back massively. The ending daily candle printed as a shooting star, and it looks like the pair is weakening yet again. The pair still looks destined to reach 1.31, and we are selling rallies at this point in time. We simply will not buy the Euro under any circumstances at the moment.

EUR/USD Forecast Nov. 29th, 2011, Technical Analysis EUR/USD Forecast Nov. 29th, 2011, Technical Analysis

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