EUR/USD Forecast June 17, 2016, Technical Analysis

The EUR/USD pair fell significantly during the course of the day on Thursday, but turned right back around to warm a massive hammer. Because of this, I believe that the volatility is going to continue in this market, and that it’s going to be difficult to hang onto any trade for any real length of time. Because of this, short-term opportunities may present themselves but quite frankly this is a pair that I don’t have a whole lot of interest in putting money into at the moment as the EU referendum certainly has taken center stage.