7800 and the market has once again stalled out above the figure in favor of yet another bearish analyst picks forex. 7525 should accelerate declines and open the door for deeper setbacks.
The recent rally in EURUSD looks corrective, with prices retesting support-turned-resistance at a rising trend line set from the swing low in June. A pair of Doji candles below this juncture points to indecision. Australian dollar-US dollar short never materialised. 7525 can handle a 125-point stop and first target. USD Technical Analysis: Down Trend Set to Resume? Silver Prices: Replay of Last Week, or Turnaround on the Way? Can Gold Prices Rally with Fed Raising Rates?
FTSE 100: New Record High Before the Calendar Flips? Will the Dow Jones Industrial Average Sell Off Continue Today? 08 in mid-November expecting the pair to rise along with US Treasury yields after the size of the Federal Reserve’s QE matched expectations and opened the door for profit-taking. Limited liquidity in the holiday-shortened week ahead warns of choppy and unpredictable price movements.