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EUR/USD Forecast November 12-16
*All times are GMT. EUR/USD Technical Analysis €/$ began the week on a weak note, falling below the wide range and losing the 1.28 line (mentioned last week). It then continued gradually lower, losing also the 1.27 handle. Here is a guide to the breakdown. Technical lines from top to bottom: We start from lower ground this time. 1.3170 worked very well as a double top during September 2012 and is now the top frontier of the range. A failure to get closer to this line shows that the pair has limited momentum. 1.3140 was the high of October and is minor resistance before 1.3170. 1.3080 capped the pair in September ... (full story)
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