EUR/USD Forecast June 10, 2016, Technical Analysis

The EUR/USD pair broke down during the day on Thursday, forming an outside bearish candle. This is a negative sign, but at the end of the day I think there’s plenty of support below so I actually and waiting for supportive candle in order to start going long. At that point in time, I think we will try to make up and build up enough momentum to grind away towards the 1.15 handle. Until then, expect a lot of volatility, but I think ultimately the buyers will step back in and take control.

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