EUR/USD Forecast January 28, 2016, Technical Analysis

The EUR/USD pair rallied initially during the day on Wednesday, but turned back around to form a shooting star. The shooting star of course is a very negative candle, but it is preceded by a hammer, and as a result it appears that the market will continue to see quite a bit of volatility going forward. At this point in time, the market seems to be consolidating overall, but we believe that the market should continue to favor the downside in general. Regardless, the one thing that you can count on is a large amount of volatility. - 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.

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