EUR/USD Forecast June 27, 2016, Technical Analysis

The EUR/USD pair fell significantly during the course of the session on Friday, as the United Kingdom as voted to leave the European Union. We sliced through the 1.10 level below, but did see quite a bit of support as we bounced from there. This is a very negative candle, so even though we got the bounce, the reality is that we will more than likely continue to selloff. Short-term exhaustion candles after short-term rallies will be selling opportunities as far as I can see. This would also be true if we break down below the bottom of the range for the day.

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