EUR/USD Forecast February 3, 2016, Technical Analysis

The EUR/USD pair went back and forth during the course of the day on Tuesday, as we struggled above the 1.09 region. Because of this, looks like we may pullback and continue the overall consolidation that we’ve seen for some time. The 1.08 level below has been massively supportive, so at this point in time we feel that the move to that region will probably be short-term at best, and that we will eventually find buyers down there to turn the market right back around. Volatility is the one thing you can count on, as the market simply has no idea which direction ago. - 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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