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Monday morning Forex prices, 23 November 2015, early indications Welcome to the market open of the forex week, and good FX morning, afternoon or evening to all.
The forex market is just getting started in New Zealand at this time of the week. Market liquidity is super thin.
Price guide, with not much movement at this stage:
Long to short open positions ratios before the market open :
Euro still continuing to decline
Euro still continuing to decline
Euro is on a road with no return
Today it is all about FED announcement. Nothing else matters
EURUSD is pivoting right on the newly formed declining support line. Nothing new to be expected (no trend change). Decline should continue
EURUSD is pivoting right on the newly formed declining support line. Nothing new to be expected (no trend change). Decline should continue
I agree, we are looking for further weakness in Euro as the pair has bounced from 1.06 handle.
Selling any Euro rally
The break below 1.0600 so far isn't confirmed, but I have little doubt that the pair will soon reach 1.0519 and will probably fall much lower than that.
Back to daily open - no will for a push down on Monday