Here are 3 reasons for the bearish momentum in EURUSD to continue
1) FED strongly hinted for a possible rate hike in Dec
2) Really strong all-round NFP numbers for Nov
3) ECB increasing QE in Dec meeting
There is a distinct possibility of seeing EURUSD touching 1.0000 parity next year in 2016.
Look for relief rally to go short EURUSD
Short EURUSD 1.0820-30
SL above 1.0900
TP 1.0500
1) FED strongly hinted for a possible rate hike in Dec
2) Really strong all-round NFP numbers for Nov
3) ECB increasing QE in Dec meeting
There is a distinct possibility of seeing EURUSD touching 1.0000 parity next year in 2016.
Look for relief rally to go short EURUSD
Short EURUSD 1.0820-30
SL above 1.0900
TP 1.0500