EUR/USD Forecast July 14, 2016, Technical Analysis

The EUR/USD pair initially dipped a little bit lower but then turn right back around to form a slightly positive candle. However, we are still well within the overall range that we have been trading in, so I’m simply looking for some type of exhaustion in order to start selling as I believe that the bearish pressure on the Euro should continue. There are a lot of problems in the European Union right now, and as a result it’s likely that the sellers will return given enough time, but I don’t think a meltdown is imminent.

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