EUR/USD Forecast July 19, 2016, Technical Analysis

The EUR/USD pair went back and forth during the course of the day on Monday, as we continue to flood sideways. Ultimately if this point in time, the 1.10 level on the bottom is supportive, while the 1.12 level on the top is resistive. I feel that the market is still consolidating sideways overall, and as a result it’s probably best to leave this particular market alone. However, some people will be willing to go back and forth on short-term charts and at this point in time it does appear that those 2 levels are going to continue to contain the market overall.

Economic Calendar