EUR/USD: Price Could Be Headed Lower

 | Nov 18, 2015 10:24AM ET

No change on EUR/USD for now. Pair can still be headed lower into wave 5 that can reach levels around 1.0580-1.0600 by the end of the week. In the meantime, traders will have to pay attention to 1.0757 swing high; break above this could be a trend-changer that can even cause rally back to 1.0830. But for now, that's not the case yet, so we stay bearish on EUR.

EUR/USD, 1H