EUR/USD Forecast May 26, 2016, Technical Analysis

The EUR/USD pair rallied slightly during the course of the day on Wednesday, but at this point in time the pair certainly looks very negative. With this being the case, we are looking for shorter-term resistive candles to continue to start selling. The market could then reach towards the 1.10 level below, where we would anticipate that a significant amount of support must be waiting. We don’t trust rallies until we break above the 1.1250 level, and on a daily close at that. We remain bearish, but recognize that there is going to be a lot of noise. - 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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