EUR/USD Forecast February 1, 2016, Technical Analysis

The EUR/USD pair fell on Friday, heading back to the 1.08 level. Because of this, it looks as if the market is still in the consolidation area but certainly could be getting ready to break down. The weekly candle was a shooting star that of course is negative, but at this point in time we are not willing to short this market simply because we do have a bit of support just below. We will continue to watch this market, but at this point in time will choose to stay on the sidelines. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. bears no responsibility for any trading losses you might incur as a result of using any data within the